SOUTH SAN FRANCISCO, April 6, 2007 (PRIME NEWSWIRE) -- Core-Mark Holding Company, Inc. (Nasdaq:CORE) announces its intention to open a new distribution facility near Toronto, Ontario on February 1, 2008. This new facility will expand Core-Mark's existing geography in Canada, which currently stretches from British Columbia to western Ontario. Core-Mark services several retail companies in western Canada that also operate in Ontario, including Alimentation Couche-Tard.
Core-Mark and Couche-Tard have signed a long-term supply agreement for Couche-Tard's Central Canada Region, which operates over 600 stores in the province of Ontario. Core-Mark and Couche-Tard recently renewed supply agreements for Couche-Tard's retail stores in western Canada and the western United States. The Canadian stores operate under the Mac's banner and the U.S. stores operate under the Circle K banner.
Mike Walsh, Core-Mark's CEO, states, "We are thrilled to be able to expand our geography, especially into a region in which we currently enjoy business relationships with several of the leading retailers. I am doubly pleased to further strengthen our business relationship with Alimentation Couche-Tard, clearly one of the most successful and innovative convenience retailers in North America. We are grateful that their confidence in our capabilities and services has made this opportunity a reality."
About Core-Mark
Core-Mark is one of the largest broad-line, full-service wholesale distributors of packaged consumer products to the convenience retail industry in North America. Founded in 1888, Core-Mark provides distribution and logistics services as well as marketing programs to over 22,000 retail locations in 45 states and five Canadian provinces through 24 distribution centers, two of which Core-Mark operate as third-party logistics providers. Core-Mark services traditional convenience retailers, grocers, drug, liquor and specialty stores, and other stores that carry consumer packaged goods. For more information, please visit www.core-mark.com.
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Core-Mark Safe Harbor
This press release contains information constituting "forward-looking statements." Forward-looking statements include all statements that do not relate solely to historical or current facts, and can generally be identified by the use of words such as "may," "believe," "will," "expect," "project," "estimate," "anticipate," "plan", "continue", or other similar words. These forward-looking statements are based on the current plans, estimates and expectations of our management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. These factors include, but are not limited to: economic conditions affecting the cigarette and consumable goods industry; adverse effect of legislation and other matters affecting the cigarette industry; increased competition in the distribution industry; our inability to retain and attract customers; the negative affects of product liability claims; failure of our suppliers to provide products; increases in fuel prices; the loss of key personnel or our inability to attract and retain new qualified personnel; currency exchange rate fluctuations; the negative effects of our reorganization on our customer, supplier and employee relationships; and our ability to successfully integrate acquisitions and realize anticipated benefits. See the "Risk Factors" section included in our Form 10-K, the "Factors That May Affect Future Results" section in our most recent Form 10-Q and all of the other information discussed in our filings with the Securities and Exchange Commission for a discussion of risks and uncertainties that may affect our business. These forward-looking statements speak only as of the date of this press release. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.