7-Eleven, Inc., announced Monday it has finalized a deal to acquire 18 Open Pantry convenience stores in Wisconsin, primarily in the greater Milwaukee and Madison areas, including the locations at 1225 W. Rawson Ave. in Oak Creek and 7610 W. Rawson Ave. in Franklin. Terms of the deals were not disclosed.
Two other stores in the Milwaukee area are affected, those in Brookfield and New Berlin, as well as three stores in the Lake Country area of Waukesha County.
A few Open Pantry locations are not included in the deal.
"We have several strong markets in the Great Lakes areas and are committed to showing Wisconsin residents why their neighbors are such big fans of 7-Eleven," said Robbie Radant, 7-Eleven vice president of mergers and acquisitions.
The acquired sites are all company-owned stores. Fourteen of the 18 stores are retail fuel locations operating primarily under the BP brand. Each branded-fuel site will continue to accept that oil company's fleet card.
7-Eleven will start remodeling and re-branding the locations soon, with the bulk of the work anticipated to be completed by the end of 2012.
Job offers will be extended to about 190 Open Pantry employees.
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