Thursday December 17, 2009
7-Eleven Buys New England Pantry
Dallas — Fifty-eight Boston-area c-stores have been sold to 7-Eleven, Inc. and will be rebranded by the national chain in 2010. Financial terms of the deal were not disclosed.
Sold by Sanders Morris Harris Group Inc., a wealth management firm in Houston, the stores currently operate under the White Hen Pantry brand of the New England Pantry group.
The purchase increases 7-Eleven’s outlets in the northeast market to 170.
According to the company, White Hen CEO Andy Brothers has joined 7-Eleven and will oversee the store conversions.
“The acquisition will provide our customers and employees with additional opportunities and franchisees will be able to capitalize on 7-Eleven’s brand strength, extended line-up of proprietary and private label products, and proven business system,” he said in a statement.