7-Eleven Inc. has completed a transaction with Strasburger Enterprises Inc. to acquire 23 convenience store locations in Texas, the company announced today. Terms of the deal were not disclosed.
Operated primarily under the brand name of Quix, the stores are located across a swath of Texas from Tarrant County in the north to San Antonio in the south. This acquisition brings the number of stores operated and franchised by 7-Eleven in Texas to 570.
"7-Eleven is continuing its accelerated growth, and this acquisition helps us meet the ambitious goals we have set," said Robbie Radant, 7-Eleven 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."
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 converted stores will offer fresh foods and bakery goods, Big Bite hot dogs, other grilled and Big Gulp beverages, among other items. Stores will be available for franchise after they are remodeled.
"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 said.
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