CORPUS CHRISTI, Texas, Sept. 1 /PRNewswire-FirstCall/ -- Susser Holdings Corporation (Nasdaq: SUSS) today announced that it has completed the previously disclosed acquisition of 25 convenience stores located in Texas and Louisiana.

Susser acquired the stores from Jack in the Box Inc., and each location is co-branded with a Jack in the Box(R) restaurant, all of which are being retained by Jack in the Box Inc.

The acquisition includes leaseholds for 24 stores and the real estate underlying one property. Twenty-three stores are located across Texas, and two are in Louisiana.

Of the 25 stores, it is anticipated that four to seven of the Texas stores will be operated by Susser's retail segment and will be rebranded to Susser's proprietary Stripes brand. It is also anticipated that the remaining 18 to 21 stores will be operated by independent dealers under long-term sublease and fuel supply agreements with Susser's wholesale fuel division. Sixteen of the 21 stores have already been converted to the dealer operation, including the one fee property.

"This transaction underscores the strategic importance of having a strong wholesale fuel business along with the retail platform," said Sam L. Susser, Susser Holdings President and Chief Executive Officer.

The transaction was funded with cash and is expected to be immediately accretive to earnings. Terms were not disclosed.

Corpus Christi, Texas-based Susser Holdings Corporation is a third-generation family led business that operates more than 520 convenience stores in Texas, New Mexico and Oklahoma under the Stripes and Town & Country banners. Restaurant service is available in 300 of its stores, primarily under the proprietary Laredo Taco Company and Country Cookin' brands. The Company also supplies branded motor fuel to approximately 375 independent dealers through its wholesale fuel division.

Forward-Looking Statements

This news release contains "forward-looking statements" describing Susser's objectives, targets, plans, strategies, costs, anticipated capital expenditures, expansion of our food service offerings, potential acquisitions and new store openings and dealer locations. These statements are based on current plans and expectations and involve a number of risks and uncertainties that could cause actual results and events to vary materially, including but not limited to: competition from other convenience stores, gasoline stations, dollar stores, drug stores, supermarkets, hypermarkets and other wholesale fuel distributors; changes in economic conditions; volatility in energy prices; political conditions in key crude oil producing regions; wholesale cost increases of tobacco products; adverse publicity concerning food quality, food safety or other health concerns related to our restaurant facilities; consumer or other litigation; consumer behavior, travel and tourism trends; devaluation of the Mexican peso or restrictions on access of Mexican citizens to the U.S.; unfavorable weather conditions; changes in state and federal regulations; dependence on one principal supplier for merchandise, two principal suppliers for gasoline and one principal provider for transportation of substantially all of our motor fuel; financial leverage and debt covenants; changes in debt ratings; inability to identify, acquire and integrate new stores; dependence on senior management; acts of war and terrorism; and other unforeseen factors. For a full discussion of these and other risks and uncertainties, refer to the "Risk Factors" section of the Company's annual report on Form 10-K for the year ended December 28, 2008 and subsequent quarterly filings on Form 10-Q. These forward-looking statements are based on and include our estimates as of the date hereof. Subsequent events and market developments could cause our estimates to change. While we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if new information becomes available, except as may be required by applicable law.

SUSS-IR

    Contacts:  Susser Holdings Corporation
               Mary Sullivan, Chief Financial Officer
               (361) 693-3743, msullivan@susser.com

               DRG&E
               Ken Dennard, Managing Partner
               (713) 529-6600, ksdennard@drg-e.com
               Anne Pearson, Senior Vice President
               (210) 408-6321, apearson@drg-e.com

SOURCE Susser Holdings Corporation