Town & Country Food Stores
Encyclopedia
Town & Country Food Stores (T&C) was an employee-owned chain of convenience stores based in San Angelo, Texas
. It had over 168 locations spread throughout Texas and New Mexico and yearly revenue in 2006 of over $850 million dollars. It was purchased by Susser Holdings Corporation in 2007 and the stores are undergoing a transition to Stripes Convenience Stores
.
. However, during the early 1960s the predecessor chain found itself in financial trouble due to overexpansion.
In 1965, two company employees, H.A. "Harold" Gibbs (a San Angelo native) and F.L. "Steve" Stephens (district manager for the San Angelo area) purchased T&C's six San Angelo stores and one store located in Del Rio, Texas
; as part of the purchase, the West Texas company also acquired the T&C name.
, entered into an agreement to purchase Town & Country Food Stores for $361 million dollars. The close of the transaction expected 90 days following federal approval. According to newspaper reports in the San Angelo Standard-Times
, Town & Country stores are expected to be rebranded to Stripes Convenience Stores
.
San Angelo, Texas
San Angelo is a city in the state of Texas. Located in West Central Texas it is the county seat of Tom Green County. As of 2010 according to the United States Census Bureau, the city had a total population of 93,200...
. It had over 168 locations spread throughout Texas and New Mexico and yearly revenue in 2006 of over $850 million dollars. It was purchased by Susser Holdings Corporation in 2007 and the stores are undergoing a transition to Stripes Convenience Stores
Stripes Convenience Stores
Stripes Stores is a chain of over 533 convenience stores in Texas, New Mexico, and Oklahoma, owned by Susser Holdings Corporation. These locations are former Circle K and Town & Country Food Stores. Other convenience store brands they operate under include IceBox and Quick Stuff...
.
History
T&C traces its history back to an earlier chain of the same name, founded in 1958 in Austin, TexasAustin, Texas
Austin is the capital city of the U.S. state of :Texas and the seat of Travis County. Located in Central Texas on the eastern edge of the American Southwest, it is the fourth-largest city in Texas and the 14th most populous city in the United States. It was the third-fastest-growing large city in...
. However, during the early 1960s the predecessor chain found itself in financial trouble due to overexpansion.
In 1965, two company employees, H.A. "Harold" Gibbs (a San Angelo native) and F.L. "Steve" Stephens (district manager for the San Angelo area) purchased T&C's six San Angelo stores and one store located in Del Rio, Texas
Del Rio, Texas
Del Rio is a border city in and the county seat of Val Verde County, Texas, United States.. Del Rio is connected with Ciudad Acuña via the Lake Amistad Dam International Crossing and Del Río-Ciudad Acuña International Bridge...
; as part of the purchase, the West Texas company also acquired the T&C name.
Susser Holdings Buyout
In September 2007, Susser Holdings of Corpus Christi, TexasCorpus Christi, Texas
Corpus Christi is a coastal city in the South Texas region of the U.S. state of Texas. The county seat of Nueces County, it also extends into Aransas, Kleberg, and San Patricio counties. The MSA population in 2008 was 416,376. The population was 305,215 at the 2010 census making it the...
, entered into an agreement to purchase Town & Country Food Stores for $361 million dollars. The close of the transaction expected 90 days following federal approval. According to newspaper reports in the San Angelo Standard-Times
San Angelo Standard-Times
San Angelo Standard-Times is a daily newspaper based in San Angelo, Texas, USA, since 1884. It is owned by the newspaper group, The E.W. Scripps Company....
, Town & Country stores are expected to be rebranded to Stripes Convenience Stores
Stripes Convenience Stores
Stripes Stores is a chain of over 533 convenience stores in Texas, New Mexico, and Oklahoma, owned by Susser Holdings Corporation. These locations are former Circle K and Town & Country Food Stores. Other convenience store brands they operate under include IceBox and Quick Stuff...
.