Market News

Couche-Tard Expands Again

Again Quebec-based convenience store operator Alimentation Couche-Tard is expanding its U.S. network once again, with the purchase of 236 stores and gas stations in four states. Although the price of the purchase from Shell Oil Products U.S. was not disclosed, analysts estimate the acquisition will generate about $900 million in motor fuel and merchandise revenues for Couche-Tard. Couche-Tard is the second-largest c-store operator in North America with a network of some 5,200 stores. Quebec-based convenience store operator Alimentation Couche-Tard is expanding its U.S. network once again, with the purchase of 236 stores and gas stations in four states. Although the price of the purchase from Shell Oil Products U.S. was not disclosed, analysts estimate the acquisition will generate about $900 million in motor fuel and merchandise revenues for Couche-Tard. Couche-Tard is the second-largest c-store operator in North America with a network of some 5,200 stores. Source: Canadian Grocer E-Newsletter, October 10, 2006.