Stripes Parent to Acquire Sac-N-Pac

CORPUS CHRISTI, Texas — Susser Holdings Corp., parent of the Stripes convenience store chain here, said Friday that it had reached an agreement to acquire Houston-based counterpart Sac-N-Pac Stores and its associated Warren Fuels distributor for undisclosed terms.

Sac-N-Pac operates 47 convenience stores in South Central Texas. Susser said its Stripes division would initially operate the convenience store properties under the Sac-N-Pac brand until it is determined which stores will be branded Stripes and which stores may be converted to a wholesale platform. Stripes is also acquiring four development sites.

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Susser’s petroleum subsidiary will acquire third-party fuel supply contracts for the stores and supply motor fuel at the acquires stores.

"This is another instance where the combination of our wholesale and retail platforms work together to create great value in making a strategic acquisition like Sac-N-Pac and Warren Fuels. We are pleased to expand our retail and wholesale operations in this rapidly growing area of Texas. We have tremendous respect for the fine retail and fuel distribution businesses that the Warren family has built, and we welcome the many dedicated employees at Sac-N-Pac to the Susser organization," Sam L. Susser, chairman and chief executive officer of Susser Holdings.

Susser operates approximately 575 convenience stores in Texas, New Mexico and Oklahoma under the Stripes banner. More than 370 of its locations have in-store restaurants, primarily under the proprietary Laredo Taco Company brand.

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