Fikes Wholesale Announces Major Expansion with CEFCO Convenience Stores in Texas
Monday, 29 July 2024, 17:55
Expansion Overview
Fikes Wholesale, Inc. is set to expand its footprint in Texas by acquiring CEFCO Convenience Stores. This deal is valued at $1.1 billion and aims to introduce nearly 150 new store locations.
Timeline for Closure
The transaction is anticipated to finalize in the fourth quarter of 2024.
Impact on the Market
- Significant Investment: This expansion underlines the commitment of Fikes Wholesale to growth in the convenience retail sector.
- Local Economies Boost: The new stores are expected to create job opportunities and enhance local revenue.
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