TITLE

Going, Going, Gone

AUTHOR(S)
Laracy, Alex
PUB. DATE
August 2004
SOURCE
Convenience Store News;8/2/2004, Vol. 40 Issue 10, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Des Moines, Iowa-based Kum & Go outbid oil giant Sinclair Petroleum Corp. in a bankruptcy auction on June 15 to buy nearly all of the assets of Git-n-Go Inc. In the $9 million dollar purchase agreement, Kum & Go acquired 40 convenience stores located in Oklahoma and 36 in Missouri. With the addition of these 76 stores and their inventories, Kum & Go, the nation's 22nd-largest convenience store chain, increases its total unit count to about 450. CEO W.A. Bill Krause stated that the purchase will expand Kum & Go's annual revenues to more than $1 billion and increase its presence in the two states, where it previously had just 15 stores.
ACCESSION #
14013014

 

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