McLane Co. Acquires Smaller Grocery/Tobacco Wholesaler
AMARILLO, Texas -- McCarty-Hull, which distributes about $100 million of grocery, tobacco and other products to convenience stores and grocers in four states, was sold to Temple, Texas-based grocery and foodservice distributor McLane Co., according to SMA Advisors, which represented the majority sellers as their financial advisor.
McLane Co. officials say they expect a seamless transition that will leave Amarillo managers in charge of day-to-day operations at McCarty-Hull, which services chains and smaller, independent retailers.
McLane, owned by Warren Buffett's Berkshire Hathaway, has 19 grocery distribution divisions and 18 food-service distribution centers throughout the United States. The company ranks No. 1 on Convenience Store News’ list of the Top 25 C-store Wholesalers with approximately $28 million in annual sales. (To view CSNews’ 2008 Top Wholesalers report, click here.
McCarty-Hull was partially owned by an ESOP which was represented by Wayne Isaacks and Associates as trustee. Baker Botts LLP was the legal representative for McLane.
That transaction closed March 29, 2006 and the terms were not disclosed.
McLane Co. officials say they expect a seamless transition that will leave Amarillo managers in charge of day-to-day operations at McCarty-Hull, which services chains and smaller, independent retailers.
McLane, owned by Warren Buffett's Berkshire Hathaway, has 19 grocery distribution divisions and 18 food-service distribution centers throughout the United States. The company ranks No. 1 on Convenience Store News’ list of the Top 25 C-store Wholesalers with approximately $28 million in annual sales. (To view CSNews’ 2008 Top Wholesalers report, click here.
McCarty-Hull was partially owned by an ESOP which was represented by Wayne Isaacks and Associates as trustee. Baker Botts LLP was the legal representative for McLane.
That transaction closed March 29, 2006 and the terms were not disclosed.