LAVAL, QC, Aug. 24, 2021 /PRNewswire/ - Alimentation
Couche-Tard Inc. ("Couche-Tard" or the "Corporation")
(TSX: ATD.A) (TSX: ATD.B) announced today it is moving forward
with a binding agreement for the acquisition of convenience and
fuel retail sites from ARS Fresno LLC and certain affiliated
companies. The transaction includes 35 high quality locations
currently operated under the Porter's brand and located
predominately in Oregon and
Western Washington. Closing of the
transaction is expected to be completed in the second half of
September 2021.
"We are excited to bring the Porter's stores and team members
into the Couche-Tard family. These locations have strong fuel
and convenience assets with a track record of growth and a network
of experienced employees. With this transaction, we look forward to
growing in the pacific northwest and making our customers' lives a
little easier everyday in that region." said Brian Hannasch, President and Chief Executive
Officer of Alimentation Couche-Tard.
About Alimentation Couche-Tard Inc.
Couche-Tard is a global leader in convenience and fuel retail,
operating in 26 countries and territories, with more than 14,200
stores, of which approximately 10,800 offer road transportation
fuel. With its well-known Couche-Tard and Circle K banners, it is
the largest independent convenience store operator in terms of the
number of company-operated stores in the
United States and it is a leader in the convenience store
industry and road transportation fuel retail in Canada, Scandinavia, the Baltics, as well as
in Ireland. It also has an
important presence in Poland and
Hong Kong. Approximately 124,000
people are employed throughout its network.
For more information on Alimentation Couche-Tard Inc. or to
consult its annual Consolidated Financial Statements and Management
Discussion and Analysis, please visit:
https://corpo.couche-tard.com.
Forward-Looking Statements
The statements set forth in this press release, which describes
Couche-Tard's objectives, projections, estimates, expectations or
forecasts, may constitute forward looking statements within the
meaning of securities legislation. Positive or negative verbs such
as "believe", "can", "shall", "intend", "expect", "estimate",
"assume" and other related expressions are used to identify such
statements. Couche-Tard would like to point out that, by their very
nature, forward-looking statements involve risks and uncertainties
such that its results, or the measures it adopts, could differ
materially from those indicated in or underlying these statements,
or could have an impact on the degree of realization of a
particular projection. Major factors that may lead to a material
difference between Couche Tard's actual results and the projections
or expectations set forth in the forward-looking statements include
the effects of the integration of acquired businesses and the
ability to achieve projected synergies, uncertainty related to the
duration and severity of the current COVID-19 pandemic,
fluctuations in margins on motor fuel sales, competition in the
convenience store and retail motor fuel industries, exchange rate
variations, and such other risks as described in detail from time
to time in the reports filed by Couche-Tard with securities
regulatory authorities in Canada.
Unless otherwise required by applicable securities laws,
Couche-Tard disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. The forward-looking
information in this release is based on information available as of
the date of the release.
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SOURCE Alimentation Couche-Tard Inc.