M&A Deal Summary

Core-Mark Acquires Forrest City Grocery

On April 5, 2011, Core-Mark acquired distribution company Forrest City Grocery for 73M USD

Acquisition Highlights
  • This is Core-Mark’s 3rd transaction in the Distribution sector.
  • This is Core-Mark’s 3rd largest (disclosed) transaction.
  • This is Core-Mark’s 3rd transaction in the United States.
  • This is Core-Mark’s 1st transaction in Arkansas.

M&A Deal Summary
Date 2011-04-05
Target Forrest City Grocery
Sector Distribution
Buyer(s) Core-Mark
Deal Type Add-on Acquisition
Deal Value 73M USD

Target

Forrest City Grocery

Forrest City, Arkansas, United States
Forrest City Grocery Co. is a wholesale distributors in the region servicing customers in Arkansas, Mississippi, Tennessee and surrounding states.

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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 3 of 6
Sector (Distribution) 3 of 5
Type (Add-on Acquisition) 3 of 5
State (Arkansas) 1 of 1
Country (United States) 3 of 6
Year (2011) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-23 FDI Holdings

Johnstown, New York, United States

FDI Holdings, Inc. is a strong regional convenience wholesaler servicing customers in New York, Pennsylvania and surrounding states.

Buy $43M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-20 J. T. Davenport & Sons

Sanford, North Carolina, United States

J. T. Davenport & Sons, Inc. is a distributor of convenience groceries, candies, tobacco, food service products, health and beauty products, and general merchandise.

Buy $38M
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