A Temple, Texas, company announced this week that it has purchased 63 Taylor Food Mart Stores from Taylor Petroleum Company based in Amarillo, Texas, two of which are operated in Clarendon.
Fikes Wholesale Inc., parent company of the 194-location CEFCO Convenience Stores Chain based in Temple said in a press release that it had acquired the retail interests of the Taylor Food Marts located in West Texas, Oklahoma, and New Mexico. Terms of the agreement were not disclosed.
“We are pleased to welcome the Taylor Food Mart Team and Stores into our Fikes/CEFCO Convenience Store Family” said James Fikes, President and CEO of Fikes Wholesale Inc. “This agreement truly represents a win-win for all parties involved and we look forward to serving our customers in these new market areas with immediate plans to resupply depleted inventories”.
“The addition of the Taylor Stores coupled with the August 2011 acquisition of the 69 store Food Fast Store group has helped our company grow to a 257 Store Chain operating in seven states” said Fikes.
Fikes Wholesale, Inc. is a 60+ year old company that began as a fuel distributor. The company employs more than 2,000 people across the southern United States.
CEFCO Convenience Stores operates stores in Texas, Alabama, Mississippi, Louisiana, Oklahoma, New Mexico, and Arkansas and employs more than 2,000 team members chain-wide.
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