![]() unfavorable weather conditions changes in state and federal regulations dependence on one principal supplier for merchandise, two principal suppliers for gasoline and one principal provider for transportation of substantially all of our motor fuel financial leverage and debt covenants changes in debt ratings inability to identify, acquire and integrate new stores dependence on senior management acts of war and terrorism and other unforeseen factors. These statements are based on current plans and expectations and involve a number of risks and uncertainties that could cause actual results and events to vary materially, including but not limited to: competition from other convenience stores, gasoline stations, dollar stores, drug stores, supermarkets, hypermarkets and other wholesale fuel distributors changes in economic conditions volatility in energy prices political conditions in key crude oil producing regions wholesale cost increases of tobacco products adverse publicity concerning food quality, food safety or other health concerns related to our restaurant facilities consumer or other litigation consumer behavior, travel and tourism trends devaluation of the Mexican peso or restrictions on access of Mexican citizens to the U.S. This news release contains "forward-looking statements" describing Susser's objectives, targets, plans, strategies, costs, anticipated capital expenditures, expansion of our food service offerings, potential acquisitions and new store openings and dealer locations. ![]() The Company also supplies branded motor fuel to approximately 370 independent dealers through its wholesale fuel division. Restaurant service is available in more than 295 of its stores, primarily under the proprietary Laredo Taco Company and Country Cookin' brands. ![]() Susser, Susser Holdings Corporation's president and chief executive officer.Ĭorpus Christi, Texas-based Susser Holdings Corporation is a third-generation family led business that operates more than 515 convenience stores in Texas, New Mexico and Oklahoma under the Stripes and Town & Country banners. We expect this acquisition to be accretive during the first year," said Sam L. The sites have all been built within the last seven years, and we are pleased to add them to our network. "This acquisition allows us to continue expansion of our wholesale dealer network across Texas and into Louisiana. Terms of the transaction are confidential. Closing is expected to be completed by the end of August and will be funded with cash. The transaction is subject to customary closing conditions. The Company expects to sublet the majority of the locations to independent operators through its wholesale segment. Susser's wholesale fuel business currently supplies fuel to 11 of the 25 stores. Twenty-three of the stores are located across Texas and two are in Louisana. Susser's acquisition includes leaseholds for 24 stores and the real estate underlying one property. ![]() 3 /PRNewswire-FirstCall/ - Susser Holdings Corporation (Nasdaq: SUSS) today announced that it has agreed to acquire 25 convenience stores located in Texas and Louisiana. ![]()
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