LAVAL, QC, Dec. 16, 2021 /PRNewswire/ - Alimentation
Couche-Tard Inc. ("Couche-Tard" or the "Corporation")
(TSX: ATD) announced today an agreement with Slidell Oil
Company and related entities under which Couche-Tard has acquired
17 convenience stores operating primarily under the Purple Cow
banner as well as 23 wholesale fuels accounts across three
southeastern states. The assets and accounts are owned and operated
by Slidell Oil Company of Slidell,
Louisiana. The acquisition closed on December 16, 2021.
Slidell Oil's principal owners are brothers Keith and Brian Baker, third-generation owners
who have managed the company since the early 2000's. Slidell Oil
traces its roots back to the 1940's and has a proud history in both
the convenience retail and wholesale fuels business, primarily in
Louisiana and Alabama.
The Slidell Oil assets are large, modern, high-volume facilities
that will complement the existing Circle K portfolio in the region.
On the fuel side, the wholesale accounts will further complement
Circle K's wholesale fuels business.
"We are very pleased to add Slidell Oil's high-quality locations
and fueling assets to our growing footprint along the Gulf Coast,"
said Alex Miller, Couche-Tard's
Executive Vice President, Operations, North America, and Global Commercial
Optimization. "As we expand our presence in the area, we look
forward to bringing the Circle K experience to new customers and
making their lives a little easier every day."
About Alimentation Couche-Tard Inc.
Couche-Tard is a global leader in convenience and fuel retail,
operating in 26 countries and territories, with close to 14,200
stores, of which approximately 10,800 offer road transportation
fuel. With its well-known Couche-Tard and Circle K banners, it is
one of the largest independent convenience store operator 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 SAR.
Approximately 124,000 people are employed throughout its
network.
For more information on Alimentation Couche-Tard Inc. or to
consult its quarterly Consolidated Financial Statements and
Management Discussion and Analysis, please visit:
https://corpo.couche-tard.com.
Forward-Looking Statements
Certain statements in this
press release may constitute forward-looking statements within the
meaning of securities legislation, including those with respect to
the Conversion Event. Positive or negative verbs such as "believe",
"can", "shall", "intend", "expect", "estimate", "assume" and other
related expressions are used to identify such statements. Such
statements are based upon the current beliefs and expectations of
Couche-Tard and are subject to significant risks and uncertainties
outside of Couche-Tard's control. 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. 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.
