US convenience retailer Casey’s General Stores has announced the acquisition of 24 Stop-n-Go outlets.
Twenty of the stores are located in North Dakota and four are located in Minnesota.
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The acquisition will be “accretive” to earnings in the first year of operations, explained Casye’s CEO and president Rob Myers.
“We are excited about the opportunity to acquire the Stop-n-Go chain as they are a well-managed and established group of stores in a relatively new market area for Casey’s,” Myers said yesterday (12 February).
“We hope this acquisition serves as a springboard for more Casey’s locations in the area as we continue to look for opportunities to build and buy stores in the upper Midwest,” he added.
Shares in Casey’s General Stores were down 0.90% at US$66.33 at 15:52.
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