Alimentation Couche-Tard Inc. completes Provi-Soir takeover.MONTREAL--(BUSINESS WIRE)--May 20, 1997--ALIMENTATION COUCHE-TARD (ME:ATD ATD Anthropomorphic Test Dummy ATD Attention to Detail ATD Advanced Technology Demonstration AtD Achieving the Dream ATD Atmospheric Technology Division (US National Center for Atmospheric Research) ATD Assistant Technical Director .A., ATD.B.) Alimentation Couche-Tard Alimentation Couche-Tard Inc. TSX: ATD.A (a "Couche-Tard" is a "night owl" in French) is the largest Canadian convenience store retailer, operating or franchising over 5,000 stores across Canada, the United States, and in other countries. Inc. today announced that it had acquired all outstanding shares of C Corp. Inc., a subsidiary of Provigo Inc., for $85 million. C Corp. operates 245 convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. in Quebec under the Provi-Soir banner as well as 50 others in Ontario and Alberta under the Winks and Red Rooster Red Rooster is one of Australia's largest quick service restaurant chains. Red Rooster specialises in selling roasted chicken and other related products. History banners. The acquisition shores up Couche-Tard's position as leader in Quebec' convenience-store industry. At the same time, the takeover represents a breakthrough into two new markets -- Ontario and Alberta -- for the Laval-based company. As a result of the acquisition, Couche-Tard has approximately 625 outlets, over $700 million in consolidated annual sales, and close to $180 million in consolidated assets. "This acquisition -- the biggest in Quebec's convenience-store industry as well as in the history of Couche-Tard -- is part of our growth strategy and gives us a solid lead in attaining our objectives," said Alain Bouchard Alain Bouchard is a Canadian businessman. He currently serves as the chairman, president, and CEO of Alimentation Couche-Tard, and also serves on the board of directors of Quebecor Inc. Both corporations are based in Quebec. Bouchard had a net worth of $612 million CDN in 2006. , Couche-Tard's president and chief executive officer. CONTACT: ALIMENTATION COUCHE-TARD INC. Alain Bouchard, 514/662-3272 |
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