Copec acquires fast food chain Streat Burger
Published on: May 14, 2024
The burger brand currently operates seven sites across Chile, with one of them located at a service station of the mobility company in San Francisco de Mostazal.
Copec has acquired the fast food chain Streat Burger, expanding its business to foray into the foodservice sector and diversify its service station offers.
The brand was founded in 2016 and currently operates seven sites, six located in Santiago and the remaining is part of a service station from its new owner in San Francisco de Mostazal. This is part of the company's aim to diversify its business and cater to new consumer behaviors.
The San Francisco de Mostazal location was opened in December 2023 and has been very well received by customers since then, which may have prompted the acquisition.
“The acquisition of Streat Burger strengthens Copec's food offering, at our service stations and through stand-alone stores, to continue serving our customers in their daily lives with an innovative and complementary experience,” said Nicolás Rostagno, Retail Manager at Copec, according to Diario FInanciero.
The deal comes amid the company's expansion of offerings to cater to new mobility trends. The transition also includes the growth of the Copec Voltex brand and the integration of package delivery services with BlueExpress.
