Alimentation Couche-Tard acquires 33 ExxonMobil convenience stores

Alimentation Couche-Tard Inc., through the company’s subsidiary Circle K Stores, will acquire 33 ExxonMobil ‘On the Run’ convenience stores in the state of Louisiana in the United States. Under the terms of the agreement, the 33 stores will keep the ExxonMobil gasoline brand. Alimentation Couche-Tard expects that the sites will bring a total additional volume of 85 million gallons in motor fuel sales. The agreement is subject to standard regulatory approval. “Subsequent to this transaction, our network in the Circle K Gulf division would include a total of 318 company-operated stores. These stores are located on highly visible and well-travelled roads and occupy strategic locations within their respective trade areas. Strategically, this acquisition would be a complement to our expansion and growth plans for the Gulf division,” said Jason Broussard, vice-president of operations, Gulf division. (August 16, 2011)