McLane Company, Inc.
NYSE : BRK

September 07, 2005 09:48 ET

McLane, Wallace & Carey Announce New Agreements with Chevron

TEMPLE, Texas--(CCNMatthews - Sep 7, 2005) -

McLane Company, Inc. and Wallace & Carey Inc., an independent Canadian distributor, today announced the signing of new agreements to serve Chevron owned and operated convenience stores and potential franchise locations in the U.S. and commission agents in Canada.

Under the agreements, which extend into 2008 with the option to continue, McLane will distribute grocery products to about 450 convenience stores at Chevron stations in the U.S. and Wallace & Carey will distribute to 152 locations in Canada.

"McLane is excited to be able to continue making an important contribution to Chevron's financial success. Through technology, operational excellence and cost reducing processes, McLane has and will provide Chevron with outstanding distribution service," said Peter Leavitt, Vice President of Sales for McLane Grocery Distribution.

"Wallace & Carey Inc. looks forward to providing world-class service to Chevron in Canada with a focus and enthusiasm that will help them realize their business goals," said Frank Carey, President of Wallace & Carey Inc.

About McLane Company:

McLane Company, Inc. provides distribution services throughout the U.S., delivering food and non-food products to more than 50,000 customer locations, including the convenience store, drug store, mass merchandise, quick service restaurant and movie theater industries. Headquartered in Temple, Texas, the company operates 19 grocery distribution divisions and 18 foodservice distribution centers as well as an industry specific software company. McLane, a wholly owned subsidiary of Berkshire Hathaway Inc. (NYSE:BRK), employs some 14,000 people nationwide.

About Wallace & Carey Inc.:

Wallace & Carey is the largest independent grocery wholesale/distributor in Canada and has been serving retailers since 1921. It is a family-owned business and operates seven modern distribution centers to service over 2,500 accounts across Canada.

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