Kum & Go Completes Cody's Acquisition
WEST DES MOINES, Iowa -- Kum & Go L.C., operator of more than 400 convenience stores based here, completed the previously announced acquisition of 37-unit Cody’s Convenience Stores. With this acquisition Kum & Go is now the largest convenience store operator in southwest Missouri, it said in a statement.
"The completion of this acquisition represents a significant step for Kum & Go in our strategy to accelerate growth in core markets," Kyle J. Krause, president and chief executive officer of Kum & Go, said in a statement. "Today, we significantly increased the depth and breadth of our coverage in the southwest Missouri area. We truly believe that southwest Missouri is a great place to expand and bring the latest store conveniences Kum & Go has to offer.”
Including the Cody's stores, Kum & Go now operates 71 stores in southwest Missouri. Beginning immediately, Kum & Go will begin store transitions from the Cody’s brand to Kum & Go, including adding Kum & Go's proprietary mix of products under the Hiland brand, as well as Java Ridge Premium Coffee, Napa Creek and Sea Ridge wines, Go Fresh Market sandwiches, Nuclear energy drinks and Nutri2O nutraceutical waters.
The anticipated transition completion date is April 6, the company stated.
"We've been in the Springfield community for a while, and have identified it as a market where we can concentrate our growth," Meggan Kring, spokeswoman for Kum & Go, told CSNews Online at the time the purchase was announced. "In 2009, we have plans to build stores here, and Cody's saw we are a strong player, and when they decided to get out of the arena, they looked to us as an opportunity."
Kring added the chain's strong presence in the Springfield market was one of the most attractive elements to Kum & Go. "It's ideal because it fits our footprint. We were growing in the area, and this allows us to grow and have an even stronger base in the community," she told CSNews Online.
"The completion of this acquisition represents a significant step for Kum & Go in our strategy to accelerate growth in core markets," Kyle J. Krause, president and chief executive officer of Kum & Go, said in a statement. "Today, we significantly increased the depth and breadth of our coverage in the southwest Missouri area. We truly believe that southwest Missouri is a great place to expand and bring the latest store conveniences Kum & Go has to offer.”
Including the Cody's stores, Kum & Go now operates 71 stores in southwest Missouri. Beginning immediately, Kum & Go will begin store transitions from the Cody’s brand to Kum & Go, including adding Kum & Go's proprietary mix of products under the Hiland brand, as well as Java Ridge Premium Coffee, Napa Creek and Sea Ridge wines, Go Fresh Market sandwiches, Nuclear energy drinks and Nutri2O nutraceutical waters.
The anticipated transition completion date is April 6, the company stated.
"We've been in the Springfield community for a while, and have identified it as a market where we can concentrate our growth," Meggan Kring, spokeswoman for Kum & Go, told CSNews Online at the time the purchase was announced. "In 2009, we have plans to build stores here, and Cody's saw we are a strong player, and when they decided to get out of the arena, they looked to us as an opportunity."
Kring added the chain's strong presence in the Springfield market was one of the most attractive elements to Kum & Go. "It's ideal because it fits our footprint. We were growing in the area, and this allows us to grow and have an even stronger base in the community," she told CSNews Online.