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7-Eleven Completes Transaction With ExxonMobil
7-Eleven Completes Transaction With ExxonMobil   | dal_ftw_txbz, 7-11, ExxonMobil, Robbie Radant,

Texas Business reports:  DALLAS—7-Eleven Inc. completed the transaction with ExxonMobil to acquire retail interests in 51 North Texas sites.

Terms of the deal were not disclosed.

The 51 sites, all of which are in the greater Dallas/Fort Worth area, include two unused parcels of land. 

The majority of locations will be rebranded as 7-Eleven stores. The stations will retain the Exxon gasoline brand, allowing consumers to continue to purchase Exxon fuels and use their ExxonMobil credit cards and Speedpass devices.

“This acquisition fits well with our aggressive growth strategy,” said 7-Eleven vice president Robbie Radant in a prepared statement. “We met our goal of opening 650 stores in 2011, and with this acquisition 2012 is off to a great start.”

7-Eleven will start remodeling and rebranding the locations soon, with the bulk of the work anticipated to be completed by the end of 2012.

Each location will carry 7-Eleven signature products, such as Slurpee and Big Gulp beverages, fresh food and grill offerings, along with standard convenience-store items. The stores also will be available for franchise.

“7-Eleven has extended job offers to qualified ExxonMobil employees who are affected by this acquisition, and we welcome them to the 7-Eleven team,” Radant said.

Currently, 7-Eleven Inc.. operates and franchises 340 stores in Texas with 220 in greater DFW. The company has added 12 7-Eleven stores in North Texas since the start of 2011, of which 10 were in the DFW area.