Corporate News

Corporate news affecting the convenience store industry

Pantry completes acquisition of 38 c-stores in Ala.

SANFORD, N.C. -- The Pantry Inc. said that it has completed the acquisition of Shop-A-Snak Food Mart Inc., which operates 38 convenience stores in Alabama. The acquisition also includes dealer and fuel supply arrangements for several additional stores. Shop-A-Snak Food Mart generated total revenues...

Texas retailer seeks $115 million payday, plans 16-20 new stores in 2006, 2007

CORPUS CHRISTI, Texas -- Less than a week after one convenience store chain completed its initial public offering (IPO) of stock, a second initiated the process to do the same. Susser Holdings Corp., Corpus Christi, Texas, filed with regulators on Friday to raise up to $115 million in an IPO of...

New sites help, hinder

EL PASO, Texas -- Petro Stopping Centers LP has announced its operating results for the first quarter ended March 31, 2006. Net revenue for the first quarter of 2006 of $517 million was $155.8 million, or 43.1% higher than the same period in 2005, with comparable unit revenues increasing $115.8...

Most profitable first-quarter results in company history
Former Koch manager Necaise joins fleet card firm
New Gmul Energy controlling shareholder plans to acquire another U.S. c-store chain
Industry vet assumes newly created role for pricing automation firm
Food Marketing Institute senior vice president Michael Sansolo kicked off the opening supersession of the 2006 FMI Show.
38 Kentucky & Tennessee sites part of foreclosure
Hawaiian purchase adds four stores and a terminal