Motor Fuel Group (MFG), the UK’s largest independent forecourt operator, has agreed a deal to buy Symonds Retail, the operator of 10 sites in the south-west of England.
Jeremy Clarke, Chief Operating Officer at MFG said: “We are particularly delighted with this transaction because in addition to their existing 10 operating stations we also have three ‘new to industry sites’ in the acquisition package.
“Within the existing 10 stations, there are six BP branded, three Shell and one Texaco. The retail offer is split between Londis and Budgens with one station offering Subway and another one offering Greggs.
“We intend to open the three ‘new to industry’ stations in 2020, all with an excellent retail and food-to-go offer.”
The acquisition, which is expected to be completed next month, will bring the total number of petrol stations operated by MFG to 904.
Market Insight:
Recent IGD research found that 54% of shoppers stop at a forecourt for food or drink regardless of whether they need fuel.
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