Yesway to acquire Allsup's. Yes, the burritos will still be sold.
The Allsup's burrito isn't going away. But the convenience store chain is being acquired by Yesway, headquartered in Des Moines, IA and Abilene, TX.
Yesway will purchase the Clovis-based chain, pending regulatory approval. Allsup's has more than 300 stores across Texas, New Mexico and Oklahoma, serving the region for more than 60 years.
“Allsup’s founders, Lonnie and Barbara Allsup, were true pioneers, innovators, and visionaries of convenience store retailing,” said Thomas Nicholas Trkla, Chairman and Chief Executive Officer of Yesway, in a statement. “They were the first to offer customers hot, cooked foods, self-serve gasoline sales, and 24-hour service. We could not be more pleased to be joining forces with such a strong, beloved company and talented team of employees,” he added. “We look forward to building on Allsup’s legendary heritage and continuing to offer many of the amazing products and services Allsup’s customers are so passionate about, including – without question – the world-famous Allsup’s Burrito.”
President of Allsup's, Mark Allsup said in the statement: "we are very excited to have selected Yesway as the acquirer of our company and the future
custodian of our brand and legacy.
"“We chose Yesway as a partner because their values are truly aligned with ours. They share our commitment to support the local communities we serve, our unwavering pledge to our customers to provide them with a terrific shopping experience, and our dedication to the success and wellbeing of our employees.”
“Mark was very deliberate and selective in choosing a buyer for our company and we believe he
has made an excellent choice in Yesway,” said Barbara Allsup, who has served as the company’s
Vice President of Finance since its founding, in the Yesway statement. “Lonnie and I opened our first store in Roswell, New Mexico in 1956 and have operated as a private, family-owned business ever since. We have always cared deeply about maintaining strong family commitments, having honest, hard-working employees, and partnering with helpful service providers, vendors and other professionals in the communities we serve. We believe that our legacy is in very good hands with Yesway.”
Here is the full statement. You'll notice in the URL it's titled Project Burrito Release.
Founder Lonnie Allsup died in January 2018. Allsup and his wife, Barbara, grew up in Morton, before purchasing a "drive-in" grocery store in Roswell in 1956. From there, they grew Allsup's into a chain of 300 stores in 160 towns and cities.
The Allsups were among the first in the region to sell cooked food and gasoline in the same location.