AMCON Distributing Co., an Omaha, Nebraska-based convenience-store, foodservice and consumer products distributor, has acquired Richmond Master Distributors Inc., South Bend, Indiana, a full-service distributor.
“We are honored that Patrick Carrico and Scott Carrico have chosen AMCON to continue the legacy and stewardship of this outstanding enterprise, with a long history of innovation, that was founded in 1947,” said Christopher Atayan, AMCON’s chairman and CEO. “We warmly welcome Master Distributors associates, customers and vendors to our AMCON family. Indiana has an excellent business environment and is a state that we want to continue to strategically expand in.”
AMCON will continue to serve Master Distributors customers from Master Distributors’ location in South Bend. Upon completion of this acquisition, AMCON will be servicing approximately 7,900 locations in 33 states.
“The Carrico family’s steadfast commitment and dedication to customer service and many years of industry leadership is a common operating philosophy shared by both AMCON and Master Distributors, which serves as a strong foundation to grow and support our customer base,” said Andrew Plummer, AMCON’s president and COO. “We also look forward to providing the leading-edge customer-centered suite of services that AMCON has developed to bring additional value for the Master Distributors customers we will now be serving.”
The companies expect the transaction to close in AMCON’s third quarter of fiscal 2024, subject to customary closing conditions.
“We now have the enhanced capacity, technology, geographic reach, and foodservice facilities required to serve our customers as they grow,” Scott Carrico, Master Distributors CEO, said.
In March, AMCON acquired Burklund Distributors Inc., in East Peoria, Illinois.
AMCON, which includes subsidiaries Team Sledd LLC and Henry’s Foods Inc., is a top convenience and foodservice distributor of consumer products, including beverages, candy, tobacco, groceries, foodservice, frozen and refrigerated foods, automotive supplies and health and beauty care products with 12 distribution centers in Colorado, Illinois, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Tennessee and West Virginia. Through its Healthy Edge Retail Group, AMCON operates 14 health and natural product retail stores in the Midwest and Florida.
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