Done deal: 7-Eleven returning to San Antonio
7-Eleven aquires Tetco retail, wholesale assets
7-Eleven stores, along with their signature Slurpees will return to San Antonio after the Dallas-based company closed a deal to acquire all of Tetco Inc.'s retail and wholesale assets.
The terms of the sale were not disclosed, but includes 163 convenience stores in Texas and Utah, as well as Tetco's motor fuel wholesale-dealer business, according to a 7-Eleven press release.
As a result, the majority of Tetco's 31 stores in San Antonio will be remodeled and rebranded, according to 7-Eleven spokeswoman Margaret Chabris.
She said all Tetco employees will keep their jobs and be retrained, and more employees may be hired at some locations.
The process will take place over several months, with some newly renovated stores opening in the first quarter of 2013, Chabris said.
Stores in Converse and Schertz, acquired in a separate deal, are already operating.
The return of 7-Eleven convenience stores after a 24-year absence from San Antonio means the return of the Slurpee, an icy beverage.
"My parents kept mentioning about how when they grew up, they always had Slurpees," said Jake Vierra. "I've kind of kept the tradition going."
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