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Fleming announced on Monday that it has completed the acquisition of certain assets and inventory of privately-held convenience-store distributor Miller & Hartman South, LLC. Included in the purchase are warehouse facilities and inventory located in Leitchfield, Ky. Fleming paid approximately $4 million for the real estate, fixtures and equipment. Fleming also acquired the existing inventory. The Leitchfield facility currently generates $400 million in annual revenue serving 1,000 customers in 1,800 locations across eight southeastern states.
"This acquisition is yet another example of our strategic move into the convenience-store distribution business," said Mark Hansen, chairman of the board and CEO of Fleming. "The Miller & Hartman business is a particularly good opportunity for Fleming because it expands our reach into important new states, especially Kentucky and Tennessee. And, with $400 million in incremental sales volume added to our current annualized convenience-store business of approximately $2 billion, we believe Fleming is now positioned as the fourth largest c-store distributor in the country with a rapidly growing network of operations." Fleming currently operates dedicated c-store facilities in Pennsylvania, Illinois, Wisconsin, Minnesota, and Kentucky. Additionally, Fleming serves c-store businesses from its full-line distribution centers in Lubbock, Texas and Sacramento, California.