Oxxo's parent company is acquiring nearly 250 DK convenience stores, which are mostly located in Texas.
Mexican convenience store chain Oxxo is expanding across Texas as it plans to take over hundreds of DK locations. Oxxo 's parent company,
, announced Aug. 1 that it entered a $385 million agreement with Delek to take over its DK convenience stores. will acquire all 249 DK stores, about 90% of which are in Texas. New Mexico has most of the other locations, and Arkansas has a few. 'At , we have a long-held ambition to enter the US convenience and mobility industry, and this transaction represents the ideal way for us to take our first step in this compelling market,' the company said in a news release. The first Oxxo store opened its doors in 1978 in Monterrey, Mexico. The company boasts over 22,000 locations across Mexico, Colombia, Chile, Peru and Brazil.
's deal with Delek is expected to close later this year.
FEMSA Delek Arkansas Buc-Ee Tiktok Texas DK Mexican Brazil Colombia Peru Chile US Monterrey
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