Acquisition of SA Mobil Sites by ON THE RUN
The Shahin family who own Peregrine Corporation, one of Australia's top 50 private companies, are pleased to announce the proposed acquisition of Mobil’s retail network in South Australia.
Peregrine Corporation is a family owned retail business based in South Australia that owns and operates convenience stores that offer fuel, under its “On the Run” brand.
The intention is to convert each Mobil store in SA to an On The Run.
On the Run stores are recognised for their unique multi-offer formats with many brands represented in the same location. Brands represented on site include C Coffee, Subway, Brumby's Bakeries and Happy Wash.
The proposed acquisition is related to a broader deal announced today between 7-Eleven Stores Pty Ltd and Mobil Oil Australia Pty Ltd for Mobil’s national retail network. Peregrine has contracted with 7-Eleven to acquire the 29 South Australian stores. This is currently scheduled for October 2010.