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SOUTH SAN FRANCISCO, Calif. – Core Mark Holding Co., Inc. has completed the transaction to acquire all the assets of Klein Candy Co. L.P. The Klein operations will be incorporated into Core-Mark's distribution, creating a national distribution capacity, the company reported.
The purchase was made from excess funds available through Core-Mark's existing $250 million Revolving Credit Facility.
"We believe that Klein will be a tremendous addition to Core-Mark," said Michael Walsh, CEO of Core-Mark in a written statement. "Core-Mark is committed to continuing to provide great service to the Klein customer base. Also, we are pleased to have Klein management team join the Core-Mark management team."
Core-Mark provides distribution, logistics, and marketing services to nearly 20,000 retail locations in 38 states and five Canadian provinces through its 24 distribution centers.