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7-Eleven Canada has announced its acquisition of “certain assets” of Calgary-based food distributor Wallace & Carey. The assets included in the transaction are in British Columbia and Alberta. 7-Eleven has also agreed to acquire lease facilities and provide a transition service agreement to purchase exclusively from Wallace & Carey. It has also given funds to Wallace & Carey to support its return to a stable operating position across Canada, after it, along with its parent company Carey Management, filed for creditor protection in June 2023 under CCAA. The transaction, which closed on 21 November, will ensure an important supply link to businesses and communities across the region is maintained. Marc Goodman, vice president and general manager of 7-Eleven Canada, said: "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 stabilising our supply chain. We feel confident that this acquisition will bring the maximum quality of service to our stores so that we can continue to serve our customers at the highest level." Pat Carey, chair and venture architect for Carey Management, added: "7-Eleven is a long-standing customer of Wallace & Carey and we're excited to further strengthen our partnership. Wallace & Carey will continue its day-to-day operations as usual, and we expect to emerge from this process better positioned for the future.” Financial terms of the deal were not disclosed.