Fergus Stop-n-Go sold to Casey’sPublished 11:21am Thursday, February 13, 2014
Fergus Falls Stop-n-Go employees found out about the sale of their store to Iowa-based Casey’s General Stores, Inc., on Tuesday, according to store manager Stephanie Mortenson.
While they were not guaranteed they would keep their jobs, they were told there is a good chance they will be kept on after the transition.
“It just pretty much came out of the blue for us and we weren’t too happy about it,” Mortenson said. “But there’s nothing we can do.”
The acquisition will likely be finalized in early May, said Bill Walljasper, senior vice president and chief financial officer for Casey’s.
“We have been eyeing for several years, trying to expand into that area,” Walljasper said. “We certainly noticed Stop-n-Go as a very strong competitor. We’re always looking for an opportunity to build or buy.”
The 24 Fargo-based regional chain of Stop-n-Go stores in North Dakota and Minnesota will be rebranded as soon as the sale is finalized, Walljapser said.
Many, if not all, will be remodeled, adding Casey’s prepared food operations that include fresh-made pizzas, made-to-order sub sandwiches and doughnuts, he said.
Walljasper said the acquisition is hopefully a “springboard” for more development in North Dakota.
Casey’s expansion plans for the current fiscal year include building or acquiring 70 to 100 stores, Walljasper said. It now has more than 1,770 stores in 14 states.