Harbor Wholesale, a distributor of food and beverage products to more than 6,000 convenience stores and other companies in the U.S., has acquired competitor Modesto Tobacco and Candy (MTC) Distributing for an undisclosed amount, according to a recent announcement.
The combined companies now have a collective purchasing power of over $1 billion and operate four distribution centers on the West Coast, servicing c-store, grocery and restaurant customers from the Canadian border to near Los Angeles.
MTC will remain independently operated while Eakin will move to an advisory role, according to the announcement. He said Harbor and MTC are “well equipped to offer competitive programs” while generating strong cash flows to reinvest in facilities, technology and customer solutions.
“Harbor's extensive experience in foodservice, branded programs, fresh foods and innovative marketing and technology will allow our incredible team to bring even greater value to our customers,” Eakin said in a statement.
Besides offering an array of products across all c-store categories, Lacey, Washington-based Harbor Wholesale offers store-design and business management expertise. Its wholesale distribution centers are in Lacey; Portland, Oregon; Roseburg, Oregon; and now in Modesto, California.
Founded in 1921, MTC originally distributed tobacco products to local businesses near Modesto before expanding into candy, grocery items, health and beauty aids, automobile supplies and c-store equipment. Today, the company also offers store-layout expertise, retailer rebate programs and an array of 40 foodservice programs.