US c-store retailer 7-Eleven has announced its latest acquisition, with a deal to buy 18 Open Pantry stores.
7-Eleven said yesterday (25 June) it has snapped up outlets that are primarily in the greater Milwaukee and Madison markets.
"7-Eleven has set and met very ambitious growth goals the past three years, here in the U.S. and internationally," vice president of mergers & acquisitions Robbie Radant said. "We are on track this year to surpass even those record-breaking years. Last year, 7-Eleven opened more than 600 stores in the US and Canada and is on target to open at least 630 in 2012."
Almost two weeks ago, 7-Eleven said it had bought a clutch of outlets in Texas from retail conglomerate Strasburger.
In January, 7-Eleven acquired 55 stores from local rival Sam's Mart in North Carolina, which saw it return to the city of Charlotte for the first time since 1988.
The retailer also plans to re-enter Jacksonville in Florida and double its 20-store presence in Manhattan in the next year and grow to around 135 units by 2017.
