250 to lose jobs in Kangaroo, Circle K merger
Posted March 17, 2015
Hundreds of Kangaroo Express employees lost their jobs Monday as a result of the parent company's buyout.
In a cascading convenience store merger, Couche-Tard, the owner of Circle K, is buying assets from Cary-based The Pantry, owner of Kangaroo.
Kangaroo Express has some 40 locations around the Triangle, while Circle K has fewer than a dozen.
The company has not said whether it has plans to close, merge or rename existing stores.
The Pantry filed notice with the North Carolina Commerce Department last week to signal that it would cut 250 positions effective Monday.