Corporate News

Corporate news affecting the convenience store industry

Investors group pays $4.8 million

TULSA, Okla. -- A group of Des Moines, Iowa, investors paid $4.8 million for two Kum & Go locations in the Tulsa, Okla., area, reported The Journal Record. Tulsa County Courthouse records indicate the Davis Estates Ltd. paid $2.4 million to Hurd Tulsa LLC for Kum & Go No. 874 in Tulsa; it...

CFO Paci outlines layoffs, actions taken to trim $6 million off company's bottom line

NEW YORK -- Less than three weeks after announcing plans to scale back its middle-management staff as part of an effort to trim costs by $6 million, The Pantry CFO Frank Paci was in front of Wall Street analysts stating the company's case and explaining why the layoff of about 60 employees will...

Lawyer for troubled Petro Acquisitions says bankruptcy filing is for reorganization, not liquidation

WEST CHESTER, Ohio -- The lawyer for troubled Petro Acquisitions Inc. said the West Chester, Ohio-based company is filing for bankruptcyas reported yesterday in a CSP Daily News Flashin order to reorganize, not liquidate. In the past year, Petro Acquisitions, the parent company of the 140-site...

Group conducting education campaign
Florida-based wholesaler-retailer acquiring 32 stations in Dayton, Ohio, market
Single-store retailer in New York makes most of excess property
Broadens footprint; intends more acquisitions
CEO Hayward shakes up company to improve performance, safety
Village Pantry chain adds 33 Next Door Stores, puts new management team in place
Sluggish stock prices put chain in the acquisition crosshairs, analysts say