Tuesday, May 19, 2015

7-Eleven to Acquire Tedeschi Food Shops

A Dallas-based chain of convenience stores is going to be taking over a local group of food shops.

The Boston Business Journal is reporting that 7-Eleven Inc. has worked out a deal to acquire the Rockland-based Tedeschi chain, though it is not known if Tedeschi will disappear from the map by way of a rebranding, or if the name will remain. The article says that it is also not known if any of the shops will close, but 7-Eleven is planning to extend job offers to most Tedeschi workers. Currently, 182 locations of Tedeschi Food Shops can be found in the Greater Boston area and New Hampshire, while nearly 10,500 7-Eleven shops can be found throughout the country.

Tedeschi Food Shops first started out in Rockland in 1923 as a small store that was located within founder's Angelo Tedeschi's home, according to the company website.

The BBJ says that the deal to purchase Tedeschi should be finalized sometime in the middle of the year.

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