The Pantry Completes Presto Acquisition

The Pantry Inc. has completed the previously disclosed acquisition of 47 convenience stores from Presto Convenience Stores LLC. The stores operate under the Presto trade name and are located in Kansas with three stores in Missouri. The 47 acquired stores generated revenues of approximately $194 million for the 12 months ended May 2010. The acquisition

The Pantry Purchases 47 Presto C-stores

Cary, N.C.-based The Pantry Inc., operator of Kangaroo Express, is purchasing 47 Presto Convenience Stores throughout Kansas and Missouri, including five in the Kansas City metro area. The locations-all but three of which are in Kansas-reported a revenue of about $194 million during the year that ended last May. The deal is expected to close

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