Klein Candy and Core-Mark Holding to be merged
The candy distribution networks of Core-Mark Holding Co., Inc. and Klein Candy Co. LP will soon be merged following the signing of a $65 m agreement that will fold Klein’s operations into Core-Mark’s. The deal last week, is seen as critical to Core-Mark’s efforts to extend its reach nationwide.
Steven Dressler, CEO of Klein, said: “We are thrilled to join Core-Mark with its tradition of customer service dedication and believe the joining of forces with Core-Mark will serve the Klein customers very well.” Core-Mark currently services about 20,000 retail outlets in 38 states and five Canadian provinces. The Klein acquisition will extend the company’s reach in the Midwest and on the East Coast, adding coverage in Pennsylvania, Michigan, New York, New Jersey, Connecticut, Maryland, Delaware, Washington, DC and Virginia.