US: 7-Eleven acquires Wilson Farms
7-Eleven, the US unit of Japanese retailer Seven & I, has entered into an agreement to purchase Buffalo-based convenience chain Wilson Farms.
Wilson Farms is currently owned by Bruckmann, Rosser, Sherrill & Co., a private-equity firm, and the Nanula Family. It operates 188 c-stores throughout New York state.
The acquisition will "significantly" increase 7-Eleven's presence in western New York, the company said.
"Wilson Farms has a successful store operation, quality locations and a strong customer-service culture," said Stan Reynolds, 7-Eleven executive vice president and CFO. "The combination of the two companies will strengthen our convenience offering in the western New York area."
7-Eleven will invest in remodeling the stores,the company added.
Terms of the deal, which is expected to close in the second quarter, were not disclosed.
- Analysis: Tyson's shrewd investment in Beyond Meat
- Price an underlying tension across European FMCG
- Thailand: convenience to continue to thrive
- Danone's Q3 sales - what the analysts say
- Interview: Some Foods on rise of low-FODMAP market
- Bel takes majority stake in MOM Group
- Mars launches Maltesers in the US
- Unilever in continuing price spat with Musgrave
- China milk powder arrests prompt Fonterra "review"
- Nestle lowers outlook on "softer environment"
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Packaged Food: Quarterly Statement Q3 2016
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review