Core-Mark Holding Company Inc. announced that it expanded its service agreement with GPM Investments LLC to service an additional 376 locations.
The expansion brings the total number of GPM stores being serviced by Core-Mark to 969 in 17 states.
Core-Mark is one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America. Founded in 1888, Core-Mark offers a full range of products, marketing programs and technology solutions to over 43,000 customer locations in the U.S. and Canada through 32 distribution centers (excluding two distribution facilities the Company operates as a third-party logistics provider).
“The GPM brands have been highly valued customers for a decade, and there are few better validators of our hard work than a partner expanding our relationship by more than one third,” said Bill Stein, senior vice president of enterprise growth for Core-Mark. “GPM has been a leader in offering a broad variety of hot, fresh foods in its locations, a strong strategic fit with our focus on innovation and profitable growth for our customers. We look forward to getting to work on our expanded partnership”
GPM, together with its subsidiaries, is the largest privately-owned company in the convenience store channel of business. GPM has grown significantly over the past five years from 200 convenience stores in 2013 to approximately 1,400 stores following their most recent acquisition in 2019.
“Our teams have formed an excellent partnership that should grow for many years to come as we have a shared vision for our stores and customer’s needs,” said Chris Giacobone, COO for GPM Investments, LLC.