Casey's, Fikes Wholesale Acquisition Closed Nov. 1


   
    

    

   OAKHURST, N.J. (DTN) --- Casey's General Stores, Inc. announced the closing 
of its previously announced acquisition of Fikes Wholesale, owner of CEFC 
Convenience Stores, on Nov. 1.

   The acquisition brings 148 additional stores to Texas, a highly strategic 
market for Casey's, as well as 50 stores in the southern states of Alabama, 
Florida and Mississippi. This acquisition brings the total store count to 
approximately 2,900 stores.

   "This acquisition is the largest in Casey's history and in line with the 
strategic plan laid out at the June 2023 Investor Day," said Darren Rebelez, 
Board Chair, president and CEO of Casey's. "We are thrilled to complete this 
transaction, welcome Fikes to the Casey's team, and look forward to bringing 
Casey's pizza to these high-volume stores."

   Additionally, Casey's said in a business update that it expects the fuel 
margin for the second quarter, ended Oct. 31, to be approximately 40cts gallon.




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