SOURCE: Core-Mark Holding Company, Inc.
SOUTH SAN FRANCISCO, CA--(Marketwired - May 7, 2013) - Core-Mark Holding Company, Inc. (NASDAQ: CORE), one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America, announced the signing of a three year distribution agreement with Turkey Hill, a subsidiary of The Kroger Co. Turkey Hill, the largest of the Kroger's convenience divisions, operates 268 convenience stores across Pennsylvania, Ohio and Indiana including the new flagship store in Marysville, Ohio recently featured as the "Store of The Month" in Convenience Store News.
"Kroger is an industry leader in our channel and we have enjoyed a longstanding partnership with their organization, as we currently service more than 400 of their convenience locations. The addition of Turkey Hill represents a further strengthening of our commitment to support The Kroger Convenience Division's initiatives and leverage both our companies' resources to reach higher levels of performance," said Tom Perkins, Chief Executive Officer for Core-Mark. "We are very pleased to begin this relationship with an exceptional convenience store brand and are focused on building a great partnership."
Turkey Hill is a subsidiary of The Kroger Co. (NYSE: KR), operating over 271conveniences stores in Pennsylvania, Ohio and Indiana under the brand name Turkey Hill Minit Markets and Turkey Hill Market. It is headquartered in Lancaster Pennsylvania. Turkey Hill Minit Markets is a sister company of Turkey Hill Dairy, a dairy processor which is a major producer of milk, ice tea and ice cream. Both Turkey Hill convenience stores and Turkey Hill Dairy are owned by Kroger.
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 approximately 30,000 customer locations in the U.S. and Canada through 28 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.
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. Except as required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.