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LUFKIN, Texas -- Regional grocer Brookshire Brothers here is said to be set to merge with Polk Oil, operator of 29 Polk's Pick It Up convenience stores, by the end of this month.
The companies will function as separate entities, with Carl Ray Polk Jr. remaining president of Polk Oil after the merger, according to local press reports. In addition, the 360 employees of Polk Oil will become part of the more than 5,600-strong Brookshire Brothers team.
Polk Oil also supplies 24 independent dealers and owns three Subway franchisees throughout 12 counties in east Texas.
"For the past few months, leaders from Polk Oil and Brookshire Brothers have worked together diligently to plan for the integration of our two companies," Jerry Johnson, c.e.o. of Brookshire Brothers, said in a statement. "We are now focused on implementing that plan and moving forward together to deliver exceptional service and products to our customers."
In March 2006, Polk Oil acquired Land O' Pines Inc., owner of the Okay Food Stores, Larelco, and Mr. Payroll outlets.