LAVAL, Quebec — Alimentation Couche-Tard has agreed to acquire The Pantry, according to retailwire.com.
The transaction will allow Couche-Tard a greater presence in the Southeastern and Gulf Coast regions of the U.S., said the article.
With the merger, the Canadian c-store’s number of locations will rival 7-Eleven, noted the article.
7-Eleven operates about 8,700 stores in North America, reported the article. With The Pantry acquisition, Couche-Tard will operate 7,815 stores.
Couche-Tard brands include Mac’s and Circle K as well, stated the article.
The Pantry has lately focused on selling high-margin fresh food, shared the article. Fuel sales account for the largest portion of its revenue.
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