Article Date 19/01/2022

Gas station and convenience store owner Parkland Corp. buys M&M Food Market

Source Globe and Mail

Parkland Corp., 

PKI-T -5.20%decrease
 one of the largest gas station and convenience store operators in Canada, has agreed to buy M&M Food Market for approximately $322-million as it expands its food offerings.

Calgary-based Parkland, which operates On the Run convenience stores and sells gas under the Esso, Chevron and Fas Gas Plus banners, is in the midst of an effort to diversify its retail business as customers gradually shift toward more electric vehicles. The company has announced plans to open more standalone convenience stores and to expand the food items it sells.

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