MECHANICSVILLE, Va. -- David McComas is feeling pretty giddy about the newest infusion of capital flowing into his growing retail network.
We're very excited about the change, McComas, president of the Fas Mart/Shore Stop network of nearly 270 company- and dealer-run stores, told CSP Daily News. Day-to-day management here and with our parent company in Israel won't change. What is changing is we're looking at more capital infusion. Our plans are to grow more rapidly than before.
On Wednesday, Israeli newspaper, Ha'aretz, reported [image-nocss] that Russian-Israeli billionaire Arcadi Gaydamak had acquired 65% of Ameris Holdings, majority owner of Petro Group, which owns the Fas Mart/Shore Stop network in the Mid-Atlantic and eastern United States.
Critically, McComas said the Israeli owners have allowed the American division to make significant investments in the chain's offering, most notably in foodservice, where the company earlier this year launched a rotisserie chicken program. It's selling great, McComas said. We're going to roll it out to five stores.
McComas also said that Fas Mart is partnering with Dunkin' Donuts and Subway's on a new store in Connecticut. It's our first ground-up in 11 years, he said. We're very excited about where we're going and what we're doing here.
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