Core-Mark Holding Company Inc. said Friday it agreed to acquire Finkle Distributors Inc. for about $43 million.
South San Francisco-based Core-Mark (NASDAQ:CORE) is a marketer of packaged produce for convenience stores in North America.
FDI, which is based in Johnstown, N.Y., is a convenience wholesaler with customers in New York, Pennsylvania and surrounding states.
Dan Finkle, president of FDI, will join Core-Mark no fax payday loan.
Core-Mark expects to fund the transaction from a combination of cash and borrowings under its $200 million revolving credit facility. The deal is expected to close in August and be accretive in 2010 excluding approximately $2.6 million in start up and conversion costs.
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