Hi-Noon Petroleum to sell seven forecourt convenience stores to CHS

Hi-Noon Petroleum, owner and operator of Noon's Food Stores, has revealed that it will sell seven convenience stores in Montana to CHS, which markets and distributes Cenex brand energy products. The transaction is expected to be completed by February 4, 2005.

The stores will carry the Cenex energy brand and be operated by Kum & Go. The transaction will mark the expansion of the CHS and Kum & Go relationship in Montana. The seven sites include two locations in Missoula, two in Kalispell, two in Havre and one in Helena.

CHS sells a diverse range of products under the Cenex brand, including heating fuel and petroleum. The Cenex branded convenience store group is the thirteenth largest convenience store chain in the US. The brand is one of the fastest growing convenience store groups in North America, adding more than 100 locations in 2004.

The sale of these select sites will allow Hi-Noon Petroleum to expand our core businesses and also pursue opportunities to diversify our holdings, said Chris Goodman, president of Hi-Noon Petroleum.