Core-Mark Announces New Supply Agreement with Walmart
2016年12月16日 - 6:30AM
Core-Mark Holding Company, Inc. (Nasdaq:CORE) announced today that
it has signed a three-year supply agreement (which may be extended
for two one-year periods by mutual agreement of the parties) to
service approximately 530 Walmart Neighborhood Markets and
Supercenter stores in five western states (Arizona, California, New
Mexico, Nevada and Utah). Core-Mark will be the primary distributor
to these stores for candy, tobacco and certain snack foods.
Candy will be the largest product category serviced under the new
arrangement and is expected to increase the company’s overall sales
by approximately 40%-50% for this category. The anticipated
start date for service under this agreement is May 2017.
"We are very excited to be teaming up with the
world’s largest retailer to supply high volume products to hundreds
of their stores. This strategic partnership between our two
companies will create a supply-chain with more frequent deliveries
than offered to these stores today," said Thomas B. Perkins,
President and Chief Executive Officer of Core-Mark.
Forward-Looking Statements
Except for historical information, the statements
made in this press release are forward-looking statements made
pursuant to the safe-harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are based
on certain assumptions or estimates, discuss future expectations,
describe future plans and strategies, contain projections of
results of operations or of financial conditions or state other
forward-looking information. Our ability to predict results or the
actual effect of future plans or strategies is inherently
uncertain.
Although we believe that the expectations reflected
in such forward-looking statements are based on reasonable
assumptions, our actual actions and results could differ materially
from those set forth in the forward-looking statements.
Forward-looking statements in some cases can be identified by the
use of words such as "may," "will," "should," "potential,"
"intend," "expect," "seek," "anticipate," "estimate," "believe,"
"could," "would," "project," "predict," "continue," "plan,"
"propose" or other similar words or expressions. These
forward-looking statements are based on the current plans and
expectations of our management and are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those discussed in such forward-looking statements. We
undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Core-Mark
Core-Mark is one of the largest marketers of fresh
and broad-line supply solutions to the convenience retail industry
in North America. Founded in 1888, Core-Mark offers a full
range of products, marketing programs and technology solutions to
over 45,000 customer locations in the U.S. and Canada through 30
distribution centers (excluding two distribution facilities the
Company operates as a third party logistics provider).
Core-Mark services traditional convenience retailers, grocers,
drug, liquor and specialty stores, and other stores that carry
convenience products. For more information, please visit
www.core-mark.com.
Core-Mark Contact: Ms. Milton Gray Draper, Director of Investor Relations at 650-589-9445 x 3027 or at mdraper@core-mark.com
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