CEFCO’s Parent Company Acquires 69-Store Food Fast Chain

“The addition of the Food Fast team and stores will significantly enhance our presence in East Texas, Louisiana, and Arkansas; while providing a contiguous bridge to our existing locations in Alabama and Mississippi,” says CEO of Fikes Wholesale.

Temple, Texas-based Fikes Wholesale Inc., parent company of the 123-store CEFCO Convenience Stores chain, has successfully completed the acquisition of the 69-store Food Fast chain based in Tyler, Texas.

Terms of the agreement were not disclosed.

“The addition of the Food Fast team and stores will significantly enhance our presence in East Texas, Louisiana, and Arkansas; while providing a contiguous bridge to our existing locations in Alabama and Mississippi,” said James Fikes, CEO of Fikes Wholesale Inc. “The Food Fast organization shares many of our core values and ethics, as well as a passion for customer satisfaction excellence. Strategically, Food Fast is an outstanding, complimentary fit.”

“This agreement also provides potential synergistic opportunities for our other Fikes Wholesale Inc. business units,” said Fikes. “These businesses include Group Petroleum Services (common carrier fuel transport fleet), Cord Financial Services (nationwide ATM provider of more than 4,500 ATMs), Fleet Express (single card solution for fuel management needs), and JF Air (charter air service).”

 

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