7-Eleven Canada acquires distribution assets from Wallace & Carey

In addition to the assets located in British Columbia and Alberta, the retailer will also provide a transition facility to buy exclusively from the Calgary-based food distributor.

7-Eleven Canada announced the acquisition of certain assets of Calgary-based food distributor Wallace & Carey (W&C) located in British Columbia and Alberta.

The retailer also agreed to provide a transition service agreement to purchase exclusively from W&C, acquire lease facilities and has provided W&C with working capital to support its return to a stable operating position across Canada. This transaction is set to ensure that supply link to businesses and communities across the region is maintained.

"This transaction positions 7-Eleven well for continued growth in Canada, strengthening our already robust business in the country, and bringing with it a range of long-term benefits for our stores by stabilizing our supply chain," said Marc Goodman, Vice President and General Manager of 7-Eleven Canada.

Calgary-based food distributor Wallace & Carey, along with its parent company, Carey Management, filed for creditor protection in June 2023 under Companies' Creditors Arrangement Act. The century-old family-owned company is one of Canada's largest independent distribution firms.