EG Group (“EG” or “the Company”) is pleased to announce that it has entered into an Asset Purchase Agreement (“Purchase Agreement”) with Sprint Food Stores, Inc. (“Sprint”) in the USA.
EG expects to acquire all 34 company-operated fuel and convenience store locations in Georgia and South Carolina and the proprietary ‘Sprint Kitchen’ foodservice brand from Sprint, subject to customary conditions set forth in the Purchase Agreement including the receipt of necessary regulatory approvals. The transaction is expected to complete by the end of 2021.
This acquisition expands EG’s presence in the USA to two additional states, and post-completion EG will operate over 1,750 sites across 33 states. Additionally, the Sprint Kitchen proprietary foodservice brand is one of the premier food offerings in its market with a wide selection of made-in-store hot food items including fried chicken, pizza, and breakfast options, which will complement EG’s existing and successful foodservice proposition across the USA.
EG Group (“EG” or “the Company”) is pleased to announce that it has entered into an Asset Purchase Agreement (“Purchase Agreement”) with Sprint Food Stores, Inc. (“Sprint”) in the USA.
EG expects to acquire all 34 company-operated fuel and convenience store locations in Georgia and South Carolina and the proprietary ‘Sprint Kitchen’ foodservice brand from Sprint, subject to customary conditions set forth in the Purchase Agreement including the receipt of necessary regulatory approvals. The transaction is expected to complete by the end of 2021.
This acquisition expands EG’s presence in the USA to two additional states, and post-completion EG will operate over 1,750 sites across 33 states. Additionally, the Sprint Kitchen proprietary foodservice brand is one of the premier food offerings in its market with a wide selection of made-in-store hot food items including fried chicken, pizza, and breakfast options, which will complement EG’s existing and successful foodservice proposition across the USA.