Klein Candy, Core-Mark to merge.(NEWS & TRENDS)

Professional Candy Buyer, July, 2006

SOUTH SAN FRANCISCO, CA -- The candy distribution networks of Core-Mark Holding Co., Inc. and Klein Candy Co. LP will merge following the signing of a $65 million agreement that will fold Klein's operations into Core-Mark. The deal is seen as critical to Core-Mark's efforts to extend its reach nationwide, according to the company.

Michael Walsh, Core-Mark CEO, says: "This is a critical step in providing national service as part of our quest to be the leading distributor to the convenience industry in North America."

Core-Mark currently services about 20,000 retail outlets in 38 states and five Canadian provinces. The acquisition extends its reach in the Midwest and on the East Coast, adding coverage in Pennsylvania, Michigan, New York, New Jersey,...

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