Benzinga | Jan 28, 2021 04:37PM EST

Murphy USA And Core-Mark Renew Supply Agreement

EL DORADO, Ark. and WESTLAKE, Texas, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Murphy USA Inc. (NYSE:MUSA) and Core-Mark Holding Company, Inc. (NASDAQ:CORE) announced today that they have entered into a new five year supply agreement whereby Core-Mark will continue to serve as the primary wholesale distributor to Murphy USA, delivering over 75% of the merchandise sold in their stores.



"We are confident the Core-Mark team will continue to be an excellent strategic partner for Murphy USA, and we look forward to working together to achieve our mutual goals of profitable growth, efficient operations and superior execution for our stores and our customers," said Andrew Clyde, President and Chief Executive Officer of Murphy USA.

"We are committed to helping Murphy USA drive growth in sales and margins under this new agreement, strategically aligned to enable both Murphy USA and Core-Mark to benefit from their strategic focus on expanding their food and fresh offering," said Scott E. McPherson, President and Chief Executive Officer of Core-Mark. "We are committed to continuing to serve Murphy USA stores with operational excellence and an innovative approach."