Core-Mark Inks 3-Year Agreement With Turkey Hill

Packaged-goods distributor Core-Mark  (NASDAQ: CORE  )  wants to be king of the hill. Turkey Hill, that is. It announced that it has signed a three-year distribution agreement with the Turkey Hill subsidiary of supermarket chain Kroger (NYSE: KR  ) .

Turkey Hill, located in Lancaster, Pa., is the largest of the Kroger's convenience divisions, operating 271 convenience stores across Pennsylvania, Ohio, and Indiana under the names Turkey Hill Minit Marts and Turkey Hill Market, which is a sister company to Turkey Hill Dairy. Core-Mark already services more than 400 of Kroger's stores

Core-Mark CEO Tom Perkins said: "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. We are very pleased to begin this relationship with an exceptional convenience store brand and are focused on building a great partnership."

Core-Mark provides distribution and logistics services to more than 29,000 retail locations across the U.S. and Canada through 28 distribution centers. It services traditional convenience retailers; grocers; mass merchandisers; drug, liquor, and specialty stores; and other stores that carry packaged consumer goods.

Core-Mark was founded in 1888 and had more than $6.9 billion in revenues at the end of 2012.

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2415031, ~/Articles/ArticleHandler.aspx, 5/27/2015 10:32:31 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Apple's next smart device (warning, it may shock you

Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!