Core-Mark Holding Co. Inc. has entered a three-year supply agreement (which may be extended for two one-year periods by mutual agreement of the parties) to service approximately 530 Walmart Neighborhood Markets and Supercenter stores in five western states (Arizona, California, New Mexico, Nevada and Utah).
Core-Mark will be the primary distributor to these stores for candy, tobacco and certain snack foods. Candy will be the largest product category serviced under the new arrangement and is expected to increase the company’s overall sales by approximately 40-50% for this category. The anticipated start date for service under this agreement is May 2017.
“We are very excited to be teaming up with the world’s largest retailer to supply high volume products to hundreds of their stores. This strategic partnership between our two companies will create a supply-chain with more frequent deliveries than offered to these stores today,” said Thomas Perkins, president and CEO of Core-Mark.