The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Business Wire

Family Dollar Enters Strategic Partnership with McLane

Friday, May 04, 2012

Family Dollar Enters Strategic Partnership with McLane11:04 EDT Friday, May 04, 2012 MATTHEWS, N.C. (Business Wire) -- Family Dollar Stores, Inc. (NYSE: FDO) today announced that it has entered into a strategic partnership with McLane, the nation's leading provider of grocery and food service supply chain solutions. Beginning in September, this partnership will enable Family Dollar to offer customers a broader selection of merchandise, including refrigerated and frozen food, across the retailer's more than 7,200 locations in 45 states. “We are broadening our assortment and increasing our relevancy to our customers. McLane's national footprint and broad distribution network make them a great partner to support our growth initiatives,” said Howard R. Levine, Chairman and CEO. “This is a significant opportunity for McLane,” said Mike Youngblood, President of McLane Grocery. “Servicing all of the Family Dollar Stores will involve 19 of our distribution centers across the country. Our nationwide reach combined with our industry-leading cold chain solution and vast SKU offerings makes this an ideal fit for both of our companies.” In addition to the ability to tailor the assortment to local markets, Family Dollar, through its partnership with McLane, will establish a national supply chain for refrigerated and frozen merchandise that will provide both the scale and consistent service to propel this growing segment of the business. About Family Dollar Beginning with one store in Charlotte, North Carolina, in 1959, the Company currently operates more than 7,200 stores in 45 states. Family Dollar Stores, Inc., a Fortune 300 company, is based in Matthews, North Carolina, just outside of Charlotte and is a publicly held company with common stock traded on the New York Stock Exchange under the symbol FDO. For more information, please visit www.familydollar.com. About McLane: With over $30 billion in annual revenue, McLane provides supply chain services solutions for Grocery and Foodservice customers across the US. With 38 modern distribution centers and one of the nation's largest private fleets, McLane optimizes the purchase, flow and sale of products from 1000's of suppliers to over 50,000 locations. The company also provides Alcoholic Beverage Distribution in select states, logistic services in Brazil and exports to 25 countries. McLane is a Berkshire Hathaway company with 15,000 teammates. Family Dollar:Josh Braverman, 704-814-3447Communication Directorjbraverman@familydollar.comorMcLane:Tom Sicola, 254-771-7250Vice President of Marketingtom.sicola@mclaneco.com