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Stripes Convenience Stores to Get New Owner

The parent company of Stripes convenience stores, Corpus Christi-based Susser Holdings Corp., will be sold to Energy Transfer Partners, the relatively new parent company of Sunoco.
DALLAS, TX -- The parent company of Stripes convenience stores, Corpus Christi-based Susser Holdings Corp., will be sold to Energy Transfer Partners, the relatively new parent company of Sunoco. 

Susser operates more than 580 Stripes locations including 20 within Lubbock city limits. It also owns a few convenience stores under other names for a total of more than 600 retail locations. The deal is reported as worth $1.8 billion.

A company official with ETP was quoted by bloomberg.com as saying the plan is to “geographically expand the overall Stripes brand.”

“The combination of Susser [Stripes convenience stores] and our Sunoco retail business creates a platform to build a best-in-class and unique business,” said Sunoco CEO Bob Owens in a written statement.

The deal with Dallas-based ETP and Susser Holdings Corp. is expected to close in the third quarter. Susser’s related company, Houston-based Susser Petroleum Partners, will continue to be traded on the New York Stock Exchange. 

Stripes bought out a name familiar to most Lubbockites, Town & Country, in 2007. 
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