Vistar Corporation, one of America's leading foodservice distributors to the vending-related and independent restaurant market segments, today announced it has purchased The Marjack Company, Inc., located in Landover, Maryland. Marjack distributes candy, snack items, and specialty retail products throughout the United States.
George Holm, President and Chief Executive Officer of Vistar, said, "The strategy behind the Marjack acquisition is to strengthen our presence in Specialty Retail. We see this as an explosive growth opportunity which provides us with multiple distribution options to service any size customer. Whether full truckloads, small route delivery, overnight express or cash and carry, we intend to be the leader in distribution solutions for candy, snack and beverage. Coupled with our recent announcement regarding Performance Food Group (the third largest food service distributor in the United States), we are committed to growing at a rapid pace.
Patrick Hagerty, President and Chief Operating Officer - Vistar Specialty Markets added, "Marjack will make us a better company. It opens new long-term growth opportunities enabling us to continue our double-digit sales growth. Marjack contributes to our size, density and scope which will result in greater efficiencies. We are excited to be adding their entire leadership team. Their core competencies in pick-and-pack distribution will allow us to serve our present customers at a higher level. The addition of Marjack highlights our long-term commitment to the specialty retail, theater, concessions and video markets.
Warren Coopersmith, President and Chief Executive Officer of Marjack, said, "The nationwide infrastructure that Vistar provides will help the Marjack retail team fuel both immediate and long-term growth. The cultures of our two companies are similar given that we both operate under the principle of respect for both our employees and our suppliers, while remaining passionate about our customers. We believe this merger is a great fit. We are excited to be joining forces with Vistar in order to take our business and our services to the next level.
About Vistar Corporation
Based in Centennial, Colorado, Vistar Corporation operates two businesses that focus on different sub-segments within the food distribution industry. Vistar Specialty Markets is the leading specialty food distributor in the United States and is the only national distributor to the vending, office coffee services, theatre, and fund-raising markets, with leading market share in each of these categories. Roma Foodservice is a foodservice distributor with a particular focus on Italian foods and products that cater to independent Italian pizzerias, and has the number one market share in the independent pizza distribution market. As a top 10 foodservice distributor in the United States, the Company serves over 33,000 customers in 50 states through 36 distribution centers. For more information, please visit www.vistar.com.
