Core-Mark Holding Company, Inc. operates as a wholesale distributor to the convenience retail industry in North America. The company provides sales, marketing, distribution, and logistics services to approximately 35,000 customer locations across the United States (U.S.) and Canada. The company operates a network of 29 distribution centers in the U.S. and Canada (excluding 2 distribution facilities that the company operates as a third party logistics provider). 25 of its distribution centers are located in the U.S. and 4 are located in Canada. Products The company purchases various brand name and private label products, approximately 53,000 SKUs, from suppliers and manufacturers. The company offers customers various food/non-food products. Its food products include fast food, candy, snacks, groceries, beverages and fresh products, such as sandwiches, juices, salads, produce, dairy and bread. The company’s non-food products include cigars, tobacco, health and beauty care products, general merchandise, and equipment. Customers The company services approximately 35,000 customer locations in 50 states in the U.S. and 5 Canadian provinces. The company’s primary customer base consists of traditional convenience stores, as well as alternative outlets selling consumer packaged goods. Its traditional convenience store customers include majority of the primary national and super-regional convenience store operators, as well as independently owned convenience stores. The company’s alternative outlet customers comprise various store formats, including grocery stores, drug stores, liquor stores, cigarette and tobacco shops, hotel gift shops, military exchanges, college and corporate campuses, casinos, hardware stores, airport concessions, and other specialty and small format stores that carry convenience products. The company’s major customer, Alimentation Couche-Tard, Inc., accounted for 14.5% of its total net sales. Suppliers The company’s two major suppliers include Philip Morris USA, Inc. and R.J. Reynolds Tobacco Company. Acquisitions In February 2015, the company acquired all the assets of Karrys Bros. Limited, a regional distributor servicing customers in Ontario, and the surrounding provinces. Business Strategy The company’s business strategy includes various initiatives, designed to further improve the value that it provides to its retail customers, such as leveraging its vendor consolidation initiative; delivering fresh products; and acquisitions and expansion. Regulation As a distributor of food products in the U.S., the company is subject to the Federal Food, Drug and Cosmetic Act and regulations promulgated by the U.S. Food and Drug Administration. In Canada, similar standards related to food and over-the-counter medications are governed by Health Canada. The company’s facilities are inspected periodically by federal, state, provincial and local authorities, including the Occupational Safety and Health Administration under the U.S. Department of Labor, which require the company to comply with certain health and safety standards to protect its employees. The company is also subject to regulation by the U.S. and Canadian Departments of Transportation, which regulate transportation of perishable goods, and similar state, provincial and local agencies. Registered Trademarks The company has registered trademarks, including Arcadia Bay, Arcadia Bay Coffee Company, Cable Car, Core-Mark, Core-Mark International, Core Solutions Group, EMERALD, Java Street, SmartStock, and Tastefully Yours. Seasonality The company generates slightly higher net sales and gross profits during the warm weather months (April through September) than in other times throughout the year. History Core-Mark Holding Company, Inc. was founded in 1888.
core-mark holding co inc
(CORE:Consolidated Issue Listed on NASDAQ Global Select )
395 Oyster Point Boulevard
South San Francisco, CA 94080
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