Forecourt operator Circle K has agreed a deal to buy ten Griffin Group convenience stores in Dublin - the company's first move onto the high street in Ireland.
The 10 stores are all situated in Dublin with most of them located in city centre locations, including Upper and Lower O'Connell Street, Westmoreland Street, College Green, Nassau Street and Grafton Street.
Stores in Fonthill, Parkwest and two outlets in Sandyford are also included in today's deal.
The stores currently operate as Griffin's convenience stores and they also include food brands Subway and Chopped.
A total of 200 staff are currently employed at the 10 stores and they will now become employees of Circle K.
This brings its total workforce here to just under 2,400 while its overall store footprint has increased to 430 nationwide.
Circle K also said today that it is now actively recruiting for a total of 150 full and part time positions to service the "significant" increase in traffic and footfall across its company owned network of forecourt locations as Covid-19 restrictions ease.
It said the new jobs include roles for customer and food service assistants as well as store management positions.
Circle K, which is owned by Canada's Couche-Tard's, said today's deal is part of its strategic ambition to deliver its convenience and food retail offering to customers on the high street as well as its established and extensive forecourt network.
Gordon Lawlor, Managing Director at Circle K Ireland, said the Griffin Group has an established reputation in convenience retailing in high profile locations with strong expertise in food, and excellent partners.
Mr Lawlor said the deal greatly complements Circle K's network of forecourt locations and will be a tremendous addition to the business.
He said that Circle K has been at the forefront of convenience retail and it has continuously developed its offering across food, coffee and other convenience items to meet the evolving needs of customers who are now increasingly focused on ease, consistency and quality of service.
"We see great potential for our offering on the high street and huge benefits for our customers and are really excited to introduce the Circle K brand to these locations," he said.
"We will continue looking at opportunities to expand our footprint in Ireland within our forecourt network, as well as any further opportunities we see in high footfall areas," he added.
Seamus Griffin, CEO of Griffin Group, said that each of the 10 stores had been developed to the highest standards.
"We wish our departing colleagues well as they continue their retail journey with Circle K and thank them for their commitment to the Griffin Group over the past three decades," Mr Griffin said.
"As a group, we will look to further develop our remaining five stores and towards other opportunities within the convenience sector," he added.
The acquisition is subject to approval from the Competition and Consumer Protection Commission.