7-Eleven purchased local convenience store chain Tedeschi Food Shops on Monday, according to a press release.
Exact terms of the deal were not disclosed.
The deal is expected to close by mid-2015. 7-Eleven, which owns more than 55,000 international locations, says it will extend jobs offers to “most’’ Tedeschi employees, according to the release.
Founded in 1923 as an Italian meat and cheese shop by Angelo Tedeschi in Rockland, the company grew to operate 182 stores in Massachusetts and New Hampshire. Its current CEO was Angelo’s grandson Peter.
“These high-volume, high-performing locations complement our existing real estate portfolio in the Boston, Massachusetts and New Hampshire area,’’ said Stan Reynolds, executive vice president and chief financial officer of 7-Eleven.
7-Eleven, a Dallas-based company with nearly 10,500 stores in North America, also operates and franchises 164 locations in Massachusetts and New Hampshire.