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Bestway buys five rival outlets

DALLAS, July 31 (UPI) -- Dallas-based Bestway Inc. said Monday it paid an undisclosed amount for five rent-to-own stores from Rent World LLC.

The company, which runs 74 rent-to-own stores, also obtained five stores from Rent World by assuming lease agreements.

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Bestway indicated it planned to retain the employees attached to the stores being acquired.

"We look forward to the increased market coverage that the Rent World locations provide for our service coverage area, but are even more pleased to have the Rent World staff combine with our skilled managers and service professionals," said David A. Kraemer, Bestway chief executive.

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