7-Eleven: Completes Acquisition of 180 Tedeschi Food Shops

Dallas / TX. (se) 7-Eleven Inc. (SEI), the world’s largest convenience retailer, announced that it has closed on the acquisition of approximately 180 Tedeschi Food Shops (headquarters in Rockland, Massachusetts). 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 neighbourhoods», 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. 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.