M&A Deal Summary

Core-Mark Acquires Farner-Bocken

On May 22, 2017, Core-Mark acquired distribution company Farner-Bocken for 190M USD

Acquisition Highlights
  • This is Core-Mark’s 5th transaction in the Distribution sector.
  • This is Core-Mark’s largest (disclosed) transaction.
  • This is Core-Mark’s 6th transaction in the United States.
  • This is Core-Mark’s 1st transaction in Iowa.

M&A Deal Summary
Date 2017-05-22
Target Farner-Bocken
Sector Distribution
Buyer(s) Core-Mark
Deal Type Add-on Acquisition
Deal Value 190M USD

Target

Farner-Bocken

Carroll, Iowa, United States
Farner-Bocken is a third generation company founded in 1939 servicing nearly 6,000 customers in 14 states across the Midwest. The company provides its customers a broad product selection focused on foodservice and fresh from its state of the art 430,000 square foot facility in Carroll, Iowa. Farner-Bocken's 1,000 plus employees are dedicated to providing their customers with great service and building long-term partnerships.

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Buyer(S) 1

Buyer

Core-Mark

Westlake, Texas, United States
Category Company
Founded 1888
Sector Distribution
Employees7,534
Revenue 17.0B USD (2020)
DESCRIPTION

Core-Mark is a wholesale distributor to the convenience retail industry. Core-Mark provides sales, marketing, distribution and logistics services to customers across the United States and Canada through a network of distribution centers. Core-Mark was founded in 1888 and is based in Westlake, Texas.

DEAL STATS #
Overall 6 of 6
Sector (Distribution) 5 of 5
Type (Add-on Acquisition) 5 of 5
State (Iowa) 1 of 1
Country (United States) 6 of 6
Year (2017) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-25 Pine State Convenience

United States

Pine State Convenience is known as a "supplier of choice" in the northeast. With over 12,000 SKUs, Pine State Convenience helps customers drive store profits each and every day.

Buy $112M
Mergr

Product

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