Casey’s buys stores from Kum & Go
June 3rd, 2011 by Ric Hanson
One Iowa-based convenience store chain is buying 22 stores from another. Ankeny-based Casey’s announced they have signed an agreement to purchase the stores from the West Des Moines-based Kum & Go chain. The purchase price was not disclosed.
Casey’s says most of the stores are in rural locations and will fit into their business model. The company has some 15-hundred stores. Kum & Go issued a statement saying that the profits of the sale will be reinvested in their remaining 400 stores.
Casey’s says the stores involved will be switched over as soon as the sale is complete. The stores are in Armstrong, Atlantic, Britt, Brooklyn, Carroll, Cedar Falls, Elk Run Heights, Garner, Iowa Falls, Mediapolis, St. Charles, Storm Lake, Washington, Chariton and two each in Centerville, Cherokee, Estherville, and Sheldon.
The manager of the Kum and Go in Atlantic referred inquires about the future of the store to their Corporate Public Relations Department, but an official there was not available for comment this (Friday) morning.
(Dar Danielson/Radio Iowa)