|By Marketwired .||
|June 18, 2014 10:50 AM EDT||
SOUTH SAN FRANCISCO, CA -- (Marketwired) -- 06/18/14 -- Core-Mark Holding Company, Inc. (NASDAQ: CORE) announced today it has entered into a new business relationship with Rite Aid (NYSE: RAD) to distribute frozen, refrigerated and fresh food to Rite Aid stores. Core-Mark currently is providing service to approximately 800 Rite Aid stores on the West coast.
"Over the last few years, the Core-Mark team has focused on expanding and strengthening our distribution capabilities and core strategies to better serve its existing clients and attract new customers," said Tom Perkins, Core-Mark chief executive officer. "Core-Mark is proud to have been chosen by Rite Aid, one of the nation's leading drugstore chains, and we look forward to working with Rite Aid to provide high-quality, food service distribution services to its stores and customers."
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 30,000 customer locations in the U.S. and Canada through 28 distribution centers (excluding two distribution facilities the Company operates as a third party logistics provider). Core-Mark services traditional convenience retailers, grocers, drug, liquor and specialty stores, and other stores that carry convenience products. For more information, please visit www.core-mark.com.
Except for historical information, the statements made in this press release are forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on certain assumptions or estimates, discuss future expectations, describe future plans and strategies, contain projections of results of operations or of financial conditions or state other forward-looking information. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain.
Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, our actual actions and results could differ materially from those set forth in the forward-looking statements. Forward-looking statements in some cases can be identified by the use of words such as "may," "will," "should," "potential," "intend," "expect," "seek," "anticipate," "estimate," "believe," "could," "would," "project," "predict," "continue," "plan," "propose" or other similar words or expressions. These forward-looking statements are based on the current plans and expectations of our management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those discussed in such forward-looking statements. Except as required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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