WEST DES MOINES, Iowa – (September 11 , 2012) – Kum & Go and Casey’s General Stores, Inc. (Nasdaq symbol CASY) announced today that they have signed an Asset Purchase Agreement for Casey’s to acquire 22 convenience stores from Kum & Go. The stores are located in Iowa, Missouri and North Dakota.
“Our company is committed to carefully-planned, strategic growth – that’s evidenced by the fact that we’ll open 40 new stores this year alone,” said Kyle J. Krause, Kum & Go president and CEO. “It’s our continued desire to consolidate and strengthen our asset base and offer a consistent brand to our customers in Kum & Go’s core markets. The sale of these properties, in addition to our new store growth, brings us one step closer to carrying out that strategy.”
“These stores are an excellent fit to our existing store base and will allow us an opportunity to operate in a new state,” said Robert Myers, President and CEO of Casey’s. “We expect this acquisition to be accretive in the first year of operation and enhance future earnings as we integrate our prepared food operations.”
The following stores are included in the purchase agreement:
210 N Main St, Sigourney, IA
400 S Main St, Osceola, IA
744 Washington St, Pella, IA
413 A Ave W, Oskaloosa, IA
901 S Market St, Oskaloosa, IA
318 N Lincoln St, Knoxville, IA
1201 E Main St, Knoxville, IA
1400 E Washington St, Clarinda, IA
106 S 4th St, Forest City, IA
508 SE Kent St, Greenfield, IA
501 S Main St, Monticello, IA
919 W Washington St, Marshfield, MO
903 N Sumner Ave, Creston, IA
301 W Taylor St, Creston, IA
702 Chatburn Ave, Harlan, IA
204 S Main St, Albia, IA
3001 Main St, Emmetsburg, IA
916 E Main St, Marshalltown, IA
504 10th St, Hawarden, IA
503 S Franklin St, Kirksville, MO
112 N Main St, Horace, ND
1301 W Sheridan Ave, Shenandoah, IA
