LAVAL, QC, Nov. 15, 2013 /CNW Telbec/ - Alimentation Couche-Tard Inc.
(TSX: ATD.A ATD.B) announces today that it has signed, through its
wholly-owned indirect subsidiary, Circle K Stores Inc., an agreement
with Albuquerque Convenience and Retail LLC, a wholly-owned subsidiary
of Phillips 66 Company, to acquire 23 stores in the state of New
Mexico. The transaction is anticipated to close in December 2013. Also,
Couche-Tard has signed an agreement, through Circle K Stores Inc., with
Publix Super Markets Inc. to acquire 13 stores, 11 of which are located
in the state of Florida and the other two in state of Georgia. This
transaction is also anticipated to close in December 2013.
The transactions are subject to standard regulatory approvals and
closing conditions. According to confidentiality agreements between the
parties, the purchase prices cannot be disclosed. Available cash
dollars will be used for the transactions.
New Mexico stores
These sites are currently operated as Circle K branded franchises. Couche-Tard's Southwest division would operate all
23 of them under the Circle K brand and continue to offer Phillips 66 branded motor fuel. Seventeen sites are equipped with car washes.
Pursuant to this transaction, Couche-Tard would buy the land and
buildings for 22 locations and would assume or enter into leases for
the remaining location.
"Subsequent to this transaction, our network in the Southwest division
would include a total of 271 company operated-stores and 6 locations
under wholesale or franchise agreements. These stores occupy strategic
locations within their respective trade areas. Strategically, this
acquisition would be a great addition to our expansion and growth plans
for the Southwest division." commented Lou Valdes, Vice-President
Operations, Southwest Division.
Florida and Georgia stores
All the sites are currently operated under the PIX brand and offer fuel. The sites would be converted to the Circle K brand and sell Circle K branded fuel. Couche-Tard's Florida and Southeast divisions would
operate these stores. Eight sites are equipped with car washes.
Pursuant to this transaction, Couche-Tard would buy the land and
buildings for eight locations and would assume or enter into leases for
the other locations.
"Subsequent to this transaction, our networks in the Florida division
would include a total of 414 company operated-stores and the Southeast
division would include a total of 279 company operated-stores. These
stores occupy strategic locations within their respective trade areas.
Strategically, these acquisitions would be a great addition to our
expansion and growth plans for these divisions." commented Butch Seber,
Vice-President, Real Estate Development.
About Alimentation Couche-Tard Inc.
Couche-Tard is the leader in the Canadian convenience store industry. In
the United States, it is the largest independent convenience store
operator in terms of number of company-operated stores. In Europe,
Couche-Tard is a leader in convenience store and road transportation
fuel in Scandinavian countries and in the Baltic States while it has a
growing presence in Poland.
As of July 21, 2013, Couche-Tard's network comprises 6,198 convenience
stores throughout North America, including 4,678 stores with road
transportation fuel dispensing. Its North-American network consists of
13 business units, including nine in the United States covering
39 states and the District of Columbia and four in Canada covering all
ten provinces. More than 60,000 people are employed throughout
Couche-Tard's network and at its service offices in North America.
In Europe, Couche-Tard operates a broad retail network across
Scandinavia (Norway, Sweden, Denmark), Poland, the Baltics (Estonia,
Latvia, Lithuania) and Russia with 2,287 stores as at July 21, 2013,
the majority of which offer road transportation fuel and convenience
products while the others are unmanned automated service-stations which
offer road transportation fuel only. The Corporation also offers other
products, including stationary energy, marine fuel, aviation fuel,
lubricants and chemicals. Couche-Tard operates key fuel terminals and
fuel depots in eight countries. Including employees at Statoil branded
franchise stations, about 18,500 people work in its retail network,
terminals and service offices across Europe.
In addition, under licensing agreements, about 4,200 stores are operated
under the Circle K banner in ten other countries worldwide (China,
Guam, Honduras, Hong Kong, Indonesia, Japan, Macau, Mexico, Vietnam and
United Arab Emirates) which brings to more than 12,650 the number of
sites in Couche-Tard's network.
For more information on Alimentation Couche-Tard Inc., please visit: http://www.couche-tard.com.
The statements set forth in this press release, which describes
Couche-Tard's objectives, projections, estimates, expectations or
forecasts, may constitute forward-looking statements within the meaning
of securities legislation. Positive or negative verbs such as "plan",
"evaluate", "estimate", "believe", "expect" and other related
expressions are used to identify such statements. Couche-Tard would
like to point out that, by their very natures, forward-looking
statements involve risks and uncertainties such that its results, or
the measures it adopts, could differ materially from those indicated or
underlying these statements, or could have an impact on the degree of
realization of a particular projections. Major factors that may lead to
a material difference between Couche-Tard's actual results and the
projections or expectations set forth in the forward-looking statements
include the effects of the integration of acquired businesses and the
ability to achieve projected synergies, fluctuations in margins on
motor fuel sales, competition in the convenience store and retail motor
fuel industries, exchange rate variations, and such other risks as
described in detail from time to time in the reports filed by
Couche-Tard with securities authorities in Canada and the United
States. 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
SOURCE: Alimentation Couche-Tard Inc.
For further information:
Raymond Paré, Vice-President and Chief Financial Officer
Tel: (450) 662-6632 ext. 4607