CST Brands to acquire Flash Foods
Fuel and convenience retail giant CST Brands is finalizing an agreement to acquire 100 percent of the outstanding shares of Waycross, Georgia-based Flash Foods, Inc. from the Jones Company, reported a company release.
The acquisition, which includes a 164-strong network of Flash Food c-stores in Florida and Georgia, would contribute to CST Brands’ expansion and further solidify its presence and CrossAmerica Partners’ across the mid-Atlantic and southern regions of the United States.
The purchase considered as the largest in CST history would also include “21 branded Quick Service Restaurants, a land bank of 15 real estate sites, a merchandise distribution company, and a fuel supply company with access to the Colonial and Plantation Pipelines.”
“We believe the service culture at CST Brands, and its attitude towards both customers and team members makes CST a great fit for the Flash Foods team. We are excited to work together on finalizing this transaction,” said Jimmy Jones, Chairman and CEO of Flash Foods.
CST Brands is a Fortune 500 Company specializing in retail fuel and convenience stores. It has 13,500 employees and approximately 1,900 locations throughout the United States and Eastern Canada. It owns Dépanneur du Coin, Corner Stores, and CrossAmerica Partners LP.
