McLane Company Inc. a Temple, TX-based grocery and foodservice distributor, has acquired wholesale distributor McCarty-Hull, Inc. The transaction closed March 24, 2006.
McCarty-Hull is a $100 million distributor of grocery, tobacco and sundry products to convenience and grocery retailers. It serves chain customers as well as small independent retailers in a four-state service area centered around their primary distribution center in Amarillo, TX.
As a wholly owned subsidiary of McLane Company, McCarty-Hull will continue to operate under the name McCarty-Hull and will continue to be headquartered in Amarillo, TX. The current management team, under the leadership of Bill McCarty and Joe Bowlin, will remain in place and business operations will continue as usual.
Jim Kent, executive vice president of administration at McLane, believes that the operations and management philosophy of McCarty-Hull are an excellent fit for McLane. 'We believe that combining the financial resources of McLane with the hands-on management style of McCarty-Hull will be a win-win for everyone, especially the customers,' Kent said.
McCarty-Hull is the second of two recent acquisitions in Texas. McLane purchased C.D. Hartnett, a wholesale distribution company with $230 million in sales, in late 2004.
McLane Company Inc. provides distribution services throughout the United States, delivering food and non-food products to more than 50,000 customer locations, including the convenience store, drug store, mass merchandise, quick service restaurant and movie theater industries. The company operates 19 grocery distribution divisions and 18 foodservice distribution centers as well as an industry specific software company. McLane, a wholly owned subsidiary of Berkshire Hathaway Inc., employs 14,000 people nationwide.