Couche-Tard Acquires 83 New Stores

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Couche-Tard Acquires 83 New Stores
May 09, 2008

Laval, Canada-based Alimentation Couche-Tard Inc. announced that its Mac's Convenience Stores subsidiary has acquired 83 convenience stores from St. Louis, Mo.-based Spirit Energy LLC. The stores are all under the Convenient Food Mart banner. Couche-Tard expects the transaction to close July 2008, and for the new stores to add approximately $430 million to its annual revenues. According to the company, the acquired stores will be operated by the Circle K Midwest division under the Circle K banner. In addition, the company plans to keep all of the acquired stores gas stations under the Shell brand. Couche-Tard operates 5,690 convenience stores throughout the United States and Canada.

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