Murphy USA and Core-Mark Renew Strategic Supply Agreement
January 28 2021 - 4:30PM
Murphy USA Inc. (NYSE: MUSA) and Core-Mark Holding Company, Inc.
(NASDAQ: CORE) announced today that they have entered into a new
five year supply agreement whereby Core-Mark will continue to serve
as the primary wholesale distributor to Murphy USA, delivering over
75% of the merchandise sold in their stores.
"We are confident the Core-Mark team will continue to be an
excellent strategic partner for Murphy USA, and we look forward to
working together to achieve our mutual goals of profitable growth,
efficient operations and superior execution for our stores and our
customers," said Andrew Clyde, President and Chief Executive
Officer of Murphy USA.
"We are committed to helping Murphy USA drive growth in sales
and margins under this new agreement, strategically aligned to
enable both Murphy USA and Core-Mark to benefit from their
strategic focus on expanding their food and fresh offering," said
Scott E. McPherson, President and Chief Executive Officer of
Core-Mark. "We are committed to continuing to serve Murphy USA
stores with operational excellence and an innovative approach."
Murphy USAMurphy USA (NYSE: MUSA) is a leading
retailer of gasoline and convenience merchandise with more than
1,500 stations located primarily in the Southwest, Southeast, and
Midwest United States. The company and its team of nearly 10,000
employees serve an estimated 1.7 million customers each day through
its network of retail gasoline stations in 25 states. The majority
of Murphy USA's sites are located in close proximity to Walmart
stores. The company also markets gasoline and other products at
standalone stores under the Murphy Express brand. Murphy USA ranks
262 among Fortune 500 companies.
Contact: Christian Pikul, Vice President of Investor Relations
& FP&A, christian.pikul@murphyusa.com
Core-MarkCore-Mark is one of the largest
marketers of fresh, food 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 41,000 customer locations in
the U.S. and Canada through 32 distribution centers (excluding two
distribution facilities the Company operates as a third-party
logistics provider). Core-Mark services traditional convenience
retailers, grocers, drug stores, liquor and specialty stores, and
other stores that carry convenience products. For more information,
please visit www.core-mark.com.
Contact: David Lawrence, Vice President of Treasury and Investor
Relations, 1-800-622-1713, x7923 or
david.lawrence@core-mark.com
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