Nice N Easy to Be Sold to CST Brands

Texas-based company will acquire 77 locations from central New York chain of c-stores.

August 21, 2014

CANASTOTA, N.Y. — Nice N Easy Grocery Shoppes Inc. announced yesterday that it has signed a definitive asset purchase agreement to sell all of its assets to Texas-based CST Brands Inc. The assets include 33 company-operated stores and its rights as franchisor to 44 others locations, all of which are located in central New York State. Initiated earlier this year, it is expected that the closing of the sale will occur within 90 days.

“John MacDougall started this process a year ago with very specific provisions about the sale that would protect the Nice N Easy Grocery Shoppes name, image, people and his legacy,” said Fran Duskiewicz, president and chief executive officer of Nice N Easy, in a press release. “It is bittersweet that we have reached this point without him with us to enjoy the potential growth of our program that we believe CST will provide.  Company culture is everything to us and we’ve made a decision that will allow that culture to continue and grow with a group with whom we share many business philosophies.”

Advertisement
Advertisement
Advertisement