Convenience and Fuel Retail
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Cumberland Farms to acquire Coen Markets in north-east US expansion
Yahoo Finance· 2026-03-13 10:05
Core Insights - Cumberland Farms, part of UK-based EG Group, is acquiring Coen Markets to expand its presence in the northeastern US, covering 54 trading locations and three new sites under development [1][2][3] Group 1: Acquisition Details - The acquisition includes 54 trading locations and three new-to-industry sites currently under development [1] - Coen Markets operates in Western Pennsylvania, Eastern Ohio, and Northern West Virginia, enhancing Cumberland Farms' regional footprint [1][3] - The deal is expected to close later this year, pending regulatory approvals, although financial details were not disclosed [2] Group 2: Strategic Alignment - Cumberland Farms views this acquisition as a strategic move to grow through selected, complementary investments [3] - The company anticipates that Coen Markets' foodservice offerings will enhance its existing US business [3][4] - CEO Russ Colaco emphasized that this acquisition reflects the company's commitment to disciplined growth in the US, its largest market by both sites and revenue [4] Group 3: Company Background - Cumberland Farms, founded in 2001, operates across eight countries, with the US being its largest market by revenue [3][4] - The company is also involved in divesting its operations in France, indicating a strategic focus on strengthening its US presence [5]
Dover Operating Companies to Showcase Innovative Technologies at Leading Convenience and Fuel Retail Trade Show
Prnewswire· 2025-10-01 20:15
Core Insights - Dover will showcase innovative solutions at the upcoming NACS Show and PEI Convention from October 14-17, 2025, in Chicago, IL, focusing on advancements in convenience retail and fueling industries [1][3]. Industry Overview - The convenience retail industry serves over 160 million customers daily through more than 152,000 stores, evolving rapidly due to opportunities in clean energy, advanced retail fueling, digital software platforms, foodservice, refrigeration, and vehicle wash solutions [2]. Company Highlights - Dover's operating companies will present technologies aimed at improving efficiency and meeting consumer demands, including: - **Dover Food Retail (DFR)**: Focuses on sustainable refrigeration technologies and unique food experiences, showcasing innovations like the Infinity MAX All-Glass Walk-In Cooler Doors and R290 Second Nature Natural system [3][5]. - **Dover Fueling Solutions (DFS)**: A leading provider of energy dispensing equipment and automation solutions, will demonstrate a fully connected ecosystem including Site IQ, Bulloch POS, and Wayne PWR DC fast chargers [4][6][10]. - **OPW Retail Fueling**: Will present advanced fueling system products and innovations aimed at enhancing safety and efficiency in the retail-fueling industry [7][11]. Innovations and Technologies - Key innovations to be highlighted include: - **Infinity MAX All-Glass Walk-In Cooler Doors**: Designed to enhance product visibility and customer engagement [5]. - **R290 Second Nature Natural system**: A sustainable refrigeration solution for various prepackaged goods [5]. - **Wayne PWR DC fast charger**: Offers multiple power configurations for electric vehicle charging [6]. - **Site IQ**: A software platform for optimizing forecourt management and maintenance [6]. - **New customer engagement features**: Such as real-time promotion displays and coupon-printing capabilities at fuel pumps [8]. Company Background - Dover Corporation is a diversified global manufacturer with annual revenue exceeding $7 billion, operating across five segments including Clean Energy & Fueling and Climate & Sustainability Technologies [14].