DALLAS (AP) — Convenience store chain 7-Eleven Inc. said Tuesday that is buying the retail and wholesale assets of the San Antonio-based store chain Tetco Inc.
The assets include company-operated convenience stores in Utah and in the Dallas-Fort Worth, Austin and San Antonio areas of Texas. Also included is Tetco's wholesale fuel distribution business serving 550 customers.
Financial terms of the deal, which is expected to close in November, were not disclosed. Most of the Tetco locations will be remodeled and rebranded after the deal closes, 7-Eleven said.
The deal will also mark 7-Eleven's return to San Antonio, where it operated stores until 1989. It is its largest acquisition since it boosted its growth plan four years ago, the privately held Dallas-based company said.
