Casey General Stores : Closes Acquisition of 40 Pilot Stores - Form 8-K
December 16, 2021 at 04:39 pm EST
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Casey's Closes Acquisition of 40 Pilot Stores
ANKENY, Iowa, December 16 2021 - (Business Wire) - Casey's General Stores, Inc. ("Casey's" or the "Company") (Nasdaq: CASY), a leading convenience store chain in the United States, today announced the closing of the previously announced acquisition of 40 stores from Pilot Corporation. The acquisition gives Casey's immediate scale in the attractive Knoxville, Tennessee market and is part of the implementation of its three-year strategic plan that was shared in January 2020 when the Company set a three-year goal of adding 345 stores to its chain.
"We are pleased to complete this transaction and expand our footprint in Tennessee and Kentucky," said Darren Rebelez, president and Chief Executive Officer of Casey's. "The Haslam family and the Pilot team have been great to work with and we look forward to welcoming team members to Casey's and bringing our hand-made pizza program to these excellent stores."
About Casey's General Stores
Casey's is a Fortune 500 company (NASDAQ: CASY) operating over 2,400 convenience stores. Founded more than 50 years ago, the company has grown to become the third-largest convenience store retailer and the fifth-largest pizza chain in the United States. Casey's provides freshly prepared foods, quality fuel and friendly service at its locations. Guests can enjoy pizza, donuts, other assorted bakery items, and a wide selection of beverages and snacks. Learn more and order online at www.caseys.com, or in the mobile app.
Investor Relations Contact:
Brian Johnson (515) 965-6587
Brian.johnson@caseys.com
Media Relations Contact:
Katie Petru (515) 446-6772
Katie.petru@caseys.com
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Casey's General Stores Inc. published this content on 16 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 December 2021 21:38:12 UTC.
Casey's General Stores, Inc., through its subsidiaries, operates convenience stores under the names Casey's and Caseys General Store in 16 states, primarily in Iowa, Illinois, and Missouri. Its convenience stores carry a range of food items, including freshly prepared foods such as regular and breakfast pizza, donuts, hot breakfast items, and hot and cold sandwiches, beverages, tobacco and nicotine products, health and beauty aids, automotive products, and other non-food items. In addition, all but four offer fuel for sale on a self-service basis. Its GoodStop brand offers fuel for sale on a self-serve basis, and a range of selection of snacks, beverages, tobacco products, and other essentials. It also operates two stores selling primarily tobacco and nicotine products, one liquor-only store, and one grocery store. The Company operates approximately 2,521 stores. The Company operates three distribution centers. It has a fleet of approximately 397 tractors used for distribution.