Core-Mark

Core-Mark Holding Company, Inc.
Company type	Public (until 2021)
Industry	Food distribution
Founded	1 January 1888; 138 years ago in San Francisco, California, United States
Founder	Glaser brothers
Fate	Acquired by Performance Food Group in 2021
Headquarters	Westlake, United States
Area served	United States, Canada
Key people	Scott E. McPherson (CEO, since 2018)
Products	Fresh, chilled, and frozen products; business solutions including category and promotion management services
Number of employees	8,100
Parent	Performance Food Group (since 2021)

Core-Mark Holding Company, Inc. specializes in distributing fresh, chilled, and frozen products, primarily serving convenience stores throughout the United States. The company also provides business solutions including category and promotion management services.

History

Originating in San Francisco in 1888 through the efforts of the Glaser brothers, Core-Mark remained under family control for several generations until its sale to David Gillespie in 1974. The firm went public on the Toronto Stock Exchange in 1984, led by COO Gerald Pickman and CFO Jerry Goldman. By 1987, private equity investors had entered the picture, culminating in Core-Mark’s privatization in 1989. The company stayed private until June 2002 when it was purchased by Fleming Companies, Inc. After Fleming declared bankruptcy in April 2003, Core-Mark reemerged in August 2004 with J. Michael Walsh as CEO. The company reentered public trading on NASDAQ in 2005. Walsh stepped down in January 2013 and was succeeded by Thomas B. Perkins, who served until June 2018, when Scott E. McPherson assumed the CEO role.

Before being acquired by Performance Food Group in 2021, Core-Mark operated 32 distribution centers based in Westlake, Texas, servicing approximately 44,000 retail locations across the U.S. and Canada. The workforce numbered around 8,100 employees supporting a diverse customer base that included traditional convenience stores, grocery chains, large-format retailers, pharmacies, liquor stores, and specialty outlets.

References

CJonline.com, "Fleming files for bankruptcy; trading halted." The Capital Journal, 4/1/2003.
Business.com, profile: Fleming Companies, Inc.
Corporate-ir.net, Supervalu press release, 10 August 2006.
Fleming Companies, Inc.— Pre- & Post-Bankruptcy Petition Copyright Infringement
Sec.gov, August 22, 2008 — SEC Settles Enforcement Proceedings Against Former Fleming Companies Executives Mark David Shapiro, Albert M. Abbood, and James H. Thatcher for Financial Fraud.
Sec.gov, September 14, 2004 — Securities and Exchange Commission v. Dean Foods Company and others, Eastern District of Texas (Sherman Division).

External links