Family Dollar Stores, Inc. : Family Dollar Enters Strategic Partnership with McLane
05/04/2012| 11:05am US/Eastern
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
"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
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.
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.
Josh Braverman, 704-814-3447
Vice President of Marketing
© Business Wire 2012