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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.

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Related Tickers

9/27/2016 10:07 AM
CORE $36.43 Up +0.03 +0.08%
Core-Mark Holding CAPS Rating: **
KR $30.09 Up +0.01 +0.03%
Kroger CAPS Rating: ****