Circle K, Ireland’s leading forecourt and convenience retailer, has announced it has reached an agreement to acquire a total of nine forecourt and convenience locations from convenience retail group, Pelco. Of the nine locations which Circle K are acquiring, seven are situated in Dublin with one in Co. Meath and one in Co. Westmeath.
The acquisition is subject to approval from the CCPC.
A total of 142 staff are currently employed at the locations in question all of whom will become employees of Circle K and will continue working at the nine locations. This will bring Circle K’s total number of employees in Ireland to 2,574. The acquisition will increase the number of Circle K company owned and operated stores from 168 to 177. Alongside its dealer partner network of 242 locations, the total number of Circle K locations in Ireland will stand at 419.
The rebrand and integration of the nine stores will take place over the coming months with existing offerings at these locations such as deli, car wash and other facilities now set to be integrated into the overall Circle K product and service offering.
Today’s announcement builds on sustained investment by Circle K in the Irish market since its arrival in 2016, with a total of €230 million invested in that period. Investment has encompassed the addition of new state of the art motorway, residential and city centre locations, the upgrade and development of existing forecourt locations, as well as a range of other brand, fuel, sustainable fuel and electric vehicle and wider infrastructural developments.
Ciara Foxton, Managing Director, Circle K Ireland commented, “We are delighted to make this announcement today as we add nine strategically located and highly valuable forecourt locations to the Circle K network in Ireland. This acquisition is a key part of Circle K’s growth strategy and will significantly enhance our established and extensive convenience store and forecourt network.
Every week, we welcome approximately 1.5 million customers to our stores, and this will now enable us to serve the needs of even more customers in Ireland, providing them with the quality products and services they come to expect when they visit Circle K.
Most importantly, I would like to formally welcome our new retail colleagues from Pelco to the Circle K family. Pelco are renowned for excellent customer service and extremely high standards in forecourt and convenience retailing. We believe the skills and experience of our new colleagues will greatly complement our own amazing staff across our network of locations.”
