7-Eleven® Completes Acquisition of Approximately 180 Tedeschi Food Shops
DALLAS - Aug. 24, 2015 // PRNewswire // - 7-Eleven, Inc. today announced that it has closed on the acquisition of approximately 180 Tedeschi Food Shops (headquarters in Rockland, Mass.). This transaction adds to 7-Eleven's existing 150 7-Eleven® stores in the greater Boston and southern New Hampshire area.
7-Eleven has made job offers to employees working at the stores and most non-store personnel of Tedeschi Food Shops, formerly owned by the Tedeschi family.
"The Tedeschi Food Shops stores complement our 7-Eleven store operations in the greater Boston area because of their geographical locations, food service focus, community-involved franchisees and commitment to serving their neighborhoods," said Stan Reynolds, 7-Eleven's chief financial officer and executive vice president.
This acquisition is part of the international convenience retailer's accelerated growth plan.
About 7-Eleven Inc.
7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Based in Dallas, Texas, 7-Eleven operates, franchises or licenses some 10,500 7-Eleven® stores in North America. Globally, there are more than 56,600 7-Eleven stores in 16 countries. 7-Eleven has been honored by a number of companies and organizations recently. Accolades include: #2 on Franchise Times Top 200 Franchise Companies for 2013; #2 on Entrepreneur magazine's 2015 Top Global Franchise list; #10 spot on Entrepreneur magazine's Franchise 500 list for 2015, and #3 in Forbes magazine's Top 20 Franchises to Start. 7-Eleven is No. 3 on Fast Company magazine's 2013 list of the "World's Top 10 Most Innovative Companies in Retail." 7-Eleven places among Top Veteran-Friendly Companies for 2014 by U.S. Veterans Magazine and is among GI Jobs magazine's Top 100 Military Friendly Employers for 2014. Hispanic Magazine named 7-Eleven among its Hispanic Corporate Top 100 Companies that provide the most opportunities to Hispanics. 7-Eleven is franchising its stores in the U.S. and expanding through organic growth, acquisitions and its Business Conversion Program. Find out more online at www.7-Eleven.com.
SOURCE 7-Eleven, Inc.