M&A: CST to concentrate on high-growth markets

摘要

CST Brands isn’t just buying c-store chainsrnwilly-nilly; company brass told investment analystsrnrecently that it may divest 76 of its stores inrnCalifornia that don’t meet its criteria for robustrnmerchandise and food growth.rnThe news about studying “strategic options” forrnthe California properties came on a day when thernretail aggregator told shareholders that it could soonrnfinalize terms that would give it the Flash Food sitesrnand related entities in Georgia and Florida fromrnthe Jones family. That acquisition fits neatly withrnCST’s strategic “2020” effort, where it will attemptrnto build larger new-to-industry stores on largernfootprints that are less dependent on fuel and dependrnmore on merchandise for generating profits.