ARKO - Core-Mark inks new supply agreement with Arko's GPM Investments

Core-Mark Holding Company (CORE) says ARKO Corp. (ARKO) subsidiary GPM Investments signed the extension of a 32-month master supply agreement as part of a consolidation of the company’s wholesalers and continued growth strategy.The supply agreement sees Core-Mark provide a transition services to facilitate the transfer of services from certain of GPM's previous wholesalers. In addition, Core-Mark will  continue offering support services for GPM’s imports and specialty products program.The agreement will increase the number of GPM store locations for which Core-Mark provides service to 1,055 from 865.The agreement is expected to create new synergies through the consolidation of GPM wholesalers and allow Core-Mark to leverage its size and scale. Read more details about the Core-Mark deal with GPM.Read the latest on the Core-Mark's trading price in relation to the Performance Food Group offer.

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Core-Mark inks new supply agreement with Arko's GPM Investments