USA: Nash Finch Company Earns More Than $200 Million in Business From Major New Customer
Nash Finch Company (Nasdaq: NAFC), a Minneapolis-based food retailer and distributor, today announced the company has gained the food distribution business of Food Farm, Inc., a group of independent retailers based in Kinston, N.C., operating 63 stores under the Piggly Wiggly banner. This newly earned business represents more than $200 million in annualized sales and is in addition to the recent announcement of over $120 million in new business from several other significant new accounts."I am very pleased to announce yet another exciting business gain this week after our recent announcement of more than $120 million in new business," stated Ron Marshall, president and CEO. "I want to welcome this outstanding group of independent customers to NFC, which chose us as the best food distributor to service their stores. Our strong system-wide efficiency improvements, value-added services and first-rate food distribution network are attracting many new customers such as Food Farm, Inc.""Piggly Wiggly Retail is excited about our partnership with NFC," stated John Morgan, Food Farm, Inc. "We are pleased to be associated with a company that has clearly demonstrated its willingness and ability to service our stores and to provide us with the tools we require in order to grow our business."Nash Finch Company is one of the largest food distribution companies in the country with $4.1 billion in annual sales. The company owns and operates a growing retail store base of 126 supermarkets, principally under the Econofoods, Sun Mart and Family Thrift Center trade names. Independent retailers and military commissaries in approximately 30 states are key customers of food and related products from Nash Finch. Further information is available on the company's Web site at
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