Type Public Area served Local Total assets US$ 1.029 Billion Founded 1888 | Founders Glaser Brothers Revenue $US 10,280.1 Million Number of employees 5,933 | |
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Traded as NASDAQ: CORE
S&P 600 Component Stock price CORE (NASDAQ) US$ 31.26 -0.98 (-3.04%)3 Mar, 4:00 PM GMT-5 - Disclaimer Headquarters South San Francisco, California, United States CEO Thomas B. Perkins (Jan 2013–) | ||
Core-Mark Holding Company (NASDAQ: CORE) distributes fresh, chilled and frozen merchandise mainly to convenience stores in the United States. It also provides associated business services such as category management and management of promotions.
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History
Core-Mark was started in San Francisco in 1888 by the Glaser brothers. After multi-generational ownership, the Glaser family sold the company to David Gillespie in 1974, who took the company public by listing on the Toronto Stock Exchange in 1984. By late 1987, private equity firms were an integral part of the ownership and the company went private in 1989. Core-Mark remained private until June 2002 when it was sold to Fleming Companies, Inc. Less than one year later, in April 2003, Fleming filed for bankruptcy, taking Core-Mark with them. By August 2004, Core-Mark had emerged from the Fleming bankruptcy under the direction of President and CEO J. Michael Walsh. The company went public again in 2005 and listed on the NASDAQ stock exchange. Walsh remained the CEO until his retirement in January 2013. His successor, Thomas B. Perkins, continues to lead the company.
Core-Mark Holding Company, Inc.
Core-Mark is one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America. Founded in 1888, Core-Mark serves some 30,000 customer locations in the U.S. and Canada. The company operates 30 distribution centers including two which are operated as a third party logistics provider. Core-Mark's headquarters are in south San Francisco, California, and it employs about 5500 employees throughout North America. Core-Mark services traditional convenience retailers, grocers, drug, liquor and specialty stores, and other stores that carry convenience products.