Couche-Tard, Core-Mark Announce Expansion of Supply Agreement
SOUTH SAN FRANCISCO -- Core-Mark Holding Co. Inc., a marketer of fresh and broad-line supply solutions for the c-store industry, will serve as the broadline supplier to Alimentation Couche-Tard Inc.'s Circle K stores in the southeastern United States, the company announced. The agreement will lead to the creation of a new division in Tampa, Fla.
"We have enjoyed a long relationship with Couche-Tard and are extremely pleased of their affirmation in our ability to contribute to their success as an industry-leading retailer," said Mike Walsh, CEO of Core-Mark. "Both companies have similar strategic views in driving efficiencies in the supply chain, as well as creating real solutions to changing consumer demands."
The companies have signed a letter of intent and are currently negotiating a long-term agreement for Core-Mark to service approximately 980 of Couche-Tard's stores within the Southwest, Southeast, Gulf Coast and Florida markets. Core-Mark will begin supplying these stores within the next few months, according to the announcement.
Additionally, Core-Mark and Couche-Tard have reached a preliminary agreement to renew their existing supply agreements for stores located in the western U.S., which operate under the Circle K banner, and in western Canada, which operate under the Mac's banner.