Core-Mark Completes Acquisition of Auburn Merchandise Distributors
Combined companies expect to offer enhanced service, wider footprint
SOUTH SAN FRANCISCO, Calif. -- Core-Mark Holding Co. Inc. one of the largest North American distributors to the convenience retail industry, said that it has closed its previously announced agreement to acquire substantially all of the assets of Auburn Merchandise Distributors Inc.
"Both companies recognized the potential customer benefits in combining Core-Mark's industry leading marketing programs with Auburn's established excellence in reliable, flexible and responsive customer service. We both have an appreciation of the challenges our retailers face in today's marketplace. Our joint [image-nocss] commitment is to help our customers grow their in-store sales with the most efficient and effective marketing and logistics programs to be found in the industry today. The management team leading Auburn is proven, and we are excited about this latest addition to the Core-Mark family. Auburn enables us to continue our vision of taking our successful business model to more areas of the country," said Michael Walsh, CEO of Core-Mark.
South San Francisco, Calif.-based Core-Mark is one of the largest broad-line, full-service wholesale distributors of packaged consumer products to the convenience retail industry in North America. Founded in 1888, Core-Mark provides distribution and logistics services as well as marketing programs to more than 24,000 retail locations in 50 states and five Canadian provinces through 26 distribution centers, two of which Core-Mark operates as third-party logistics providers. Core-Mark services traditional convenience retailers, grocers, drug, liquor and specialty stores, and other stores that carry consumer packaged goods.