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Enon-based Speedway looks to grow after spin-off squashed

Published: Saturday, November 04, 2017 @ 11:45 AM
Updated: Saturday, November 04, 2017 @ 3:24 PM
By: Matt Sanctis - Staff Writer

Enon-based Speedway — one of the largest convenience store chains in the U.S. — is poised for additional growth in the next few years after its parent company rejected a proposal to spin off the retailer earlier this fall.

In an exclusive interview with the Springfield News-Sun, the company’s CEO said the most immediate challenges facing the chain include a lack of available workers in a tight labor market and regulations, including taxes on sugary drinks that make some of Speedway’s best-selling products more expensive for customers.

RELATED: Marathon decides against proposed Speedway spin-off

Speedway, with more than 2,700 stores, is the country’s second-largest company owned-and-operated convenience store chains. The board of directors of its parent company, Findlay-based Marathon, considered making Speedway a separate business earlier this year but voted to keep the chain.

>>CLICK HERE TO READ THE FULL INTERVIEW