USA: 7-Eleven Acquires 51 ExxonMobil Sites in Texas
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Wednesday, 25 January 2012 |
7-Eleven has announced the completion of a deal acquire retail interests in 51 north Texas ExxonMobil sites, though full terms of the deal have not been disclosed. The majority of these locations will be rebranded as 7-Eleven stores, though the stations will retain the Exxon gasoline brand. This will allow consumers to continue to purchase Exxon fuels and use their ExxonMobil credit cards and Speedpass devices.
"7-Eleven has extended job offers to qualified ExxonMobil employees who are affected by this acquisition, and we welcome them to the 7-Eleven team," said Robbie Radant, 7-Eleven's new Vice President of Mergers and Acquisitions. 7-Eleven will start remodeling and rebranding the locations soon, with the bulk of the work anticipated to be completed by the end of 2012.
The 51 sites, all of which are in the greater Dallas/Fort Worth area, include two unused parcels of land. "This acquisition fits well with our aggressive growth strategy," said Radant. "We met our goal of opening 650 stores in 2011 and, with this acquisition, 2012 is off to a great start."
PetrolWorld 25012012
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