Core-Mark Announces Supply Chain Contract Renewal with Rite Aid
September 21 2017 - 8:30AM
Core-Mark Holding Company, Inc. (NASDAQ:CORE) announced today it
has renewed its three year supply chain agreement with Rite Aid
(NYSE:RAD). Core-Mark is currently providing service to
approximately 4,500 Rite Aid stores.
“The Core-Mark team is excited to extend our
partnership with Rite Aid, one of the nation’s leading drugstore
chains, and we look forward to working with Rite Aid to provide
high-quality, food service distribution services to its stores and
customers,” said Tom Perkins, President and Chief Executive
Officer.
Core-Mark
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
over 46,000 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, liquor
and specialty stores, and other stores that carry convenience
products. For more information, please visit
www.core-mark.com.
Forward-Looking Statements
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.
Contact:
Ms. Milton Gray Draper
Director of Investor Relations
650-589-9445 x 3027
mdraper@core-mark.com
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