Core Mark Completes Acquisition of Klein Candy Co.
SOUTH SAN FRANCISCO, Calif. – Core Mark Holding Co., Inc. has completed the transaction to acquire all the assets of Klein Candy Co. L.P. The Klein operations will be incorporated into Core-Mark's distribution, creating a national distribution capacity, the company reported.
The purchase was made from excess funds available through Core-Mark's existing $250 million Revolving Credit Facility.
"We believe that Klein will be a tremendous addition to Core-Mark," said Michael Walsh, CEO of Core-Mark in a written statement. "Core-Mark is committed to continuing to provide great service to the Klein customer base. Also, we are pleased to have Klein management team join the Core-Mark management team."
Core-Mark provides distribution, logistics, and marketing services to nearly 20,000 retail locations in 38 states and five Canadian provinces through its 24 distribution centers.
The purchase was made from excess funds available through Core-Mark's existing $250 million Revolving Credit Facility.
"We believe that Klein will be a tremendous addition to Core-Mark," said Michael Walsh, CEO of Core-Mark in a written statement. "Core-Mark is committed to continuing to provide great service to the Klein customer base. Also, we are pleased to have Klein management team join the Core-Mark management team."
Core-Mark provides distribution, logistics, and marketing services to nearly 20,000 retail locations in 38 states and five Canadian provinces through its 24 distribution centers.