Posted 11/2/2009 11:17 am
Updated 1 year ago
Amcon Distributing Co. of Omaha, Neb., a consumer products company, has bought the convenience store distribution assets of Discount Distributors from its parent, Harps Food Stores Inc. of Springdale, significantly increasing its wholesale distribution presence in the northwest Arkansas market.
"We are delighted that this acquisition will expand our distribution network in the State of Arkansas," said Christopher H. Atayan, Amcon's chairman and CEO. "Discount Distributor's management team has maintained excellent long-term relationships in the marketplace and will be a solid fit with our service oriented culture. With this acquisition we welcome over 300 new customers to the Amcon family."
The acquisition will be funded through Amcon's existing credit facilities and will add a sixth branch to its system that will be located in Springdale. Fiscal 2008 sales for the assets acquired were approximately $59.8 million.
Amcon is a leading wholesale distributor of consumer products, including beverages, candy, tobacco, groceries, food service, frozen and chilled foods, and health and beauty care products.