Business Services Industry
Royal Ahold Agrees to Sell Convenience Stores to The Pantry.
Knight Ridder/Tribune Business News, August, 2003
By Vicki Lee Parker, The News & Observer, Raleigh, N.C. Knight Ridder/Tribune Business News
Aug. 26--After a three-year hiatus, The Pantry appears to be back in ac...uisition mode.
The largest independently operated convenience store chain in the Southeast said Monday it has signed an agreement to ac...uire 138 convenience stores operating under the name Golden Gallon from Royal Ahold, USA. The terms of the deal, which is scheduled to close in the fourth ...uarter, were not disclosed.
Golden Gallon, which operates 90 stores in Tennessee and 48 stores in northwest Georgia, last year generated about $375 million in revenue.
"We were excited that this uni...ue opportunity recently presented itself, and we immediately pursued the...
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