Thursday August 16, 2012

7-Eleven Acquires TETCO Chain

Dallas — 7-Eleven, Inc. has acquired c-store operator TETCO, Inc. for an undisclosed sum.

The deal is expected to close in November, 7-Eleven says, and the bulk of TETCO’s more than 160 Utah and Texas locations will be remodeled and rebranded to carry 7-Eleven’s private label products.

Stan Reynolds, executive vice-president and chief financial officer, 7-Eleven, says: “The combination of TETCO’s retail and wholesale operations will make this 7-Eleven’s largest acquisition since the company accelerated its growth plan four years ago. The assets we are purchasing are quality sites that complement our existing store operation along the I-35 corridor.”