7-Eleven Now Has 570 Stores in Texas
Convenience Store News announced the acquisition by 7-Eleven of 23 Quix stores in Texas. Roy Strasburger of Strasburger Enterprises confirmed the deal that was consummated in June. He said they have 10 remaining Quix stores that they plan to sell to independent dealers. On the other hand, Robbie Radant, 7-Eleven’s vice president of mergers and acquisitions, said, “We met our goal of opening more than 600 stores in the U.S. and Canada last year, and are on target to surpass that number in 2012 and reach our goal of 630″. The Quix stores will be rebranded as 7-Eleven this year and will be sold as franchises after their remodeling. This brings to 570 the total of 7-Eleven stores in Texas.
As reported in a Breaking News flash this morning by CSNews Online, 7-Eleven has acquired 23 convenience stores in Texas from Temple, Texas-based Strasburger Enterprises.
The stores, which operate primarily under the Quix banner, are spread throughout north and central Texas from Haslet in Tarrant County in the north, to Converse, just east of San Antonio, in the south. They will be rebranded as 7-Eleven by the end of the year. This acquisition brings the number of 7-Eleven Inc. operated and franchised stores in Texas to 570.
Roy Strasburger, president of the International Division of Strasburger Enterprises, told CSNews Online this morning that the deal was consummated on Tuesday. The sale of the Quix stores enables Strasburger Enterprises to focus on its convenience store management business, he said in a phone interview with CSNews Online.
The acquisition helps 7-Eleven — already the biggest and fastest growing U.S. convenience store chain in unit count growth — continue its rapid store expansion. “7-Eleven is continuing its accelerated growth, and this acquisition helps us meet the ambitious goals we have set,” said Robbie Radant, 7-Eleven’s vice president of mergers and acquisitions. “We met our goal of opening more than 600 stores in the U.S. and Canada last year, and are on target to surpass that number in 2012 and reach our goal of 630.”
The Dallas-based convenience giant said after conversion, the stores will offer 7-Eleven’s line of daily-delivered fresh foods and bakery, proprietary 7-Select products, well-known Big Bite hot dogs, other grilled and hot foods, Slurpee and Big Gulp beverages, and standard grocery and convenience items.
The former Strasburger-owned stores will be available for franchise after they are remodeled to 7-Eleven.
“7-Eleven has extended job offers to qualified Strasburger employees who are affected by this acquisition, and we welcome them to the 7-Eleven team,” Radant added.
Strasburger said that only 10 Quix stores remain, and the plan is to sell those units off to independent dealers …
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