AMCON Distributing Co. Acquires Richmond Master Distributors Inc.
AMCON Distributing Co. Expands Reach with Acquisition of Master Distributors Inc.
AMCON Distributing Co., a leading convenience-store, foodservice, and consumer products distributor based in Omaha, Nebraska, has announced the acquisition of Richmond Master Distributors Inc., a full-service distributor located in South Bend, Indiana.
“We are honored that Patrick Carrico and Scott Carrico have chosen AMCON to continue the legacy and stewardship of this outstanding enterprise, with a long history of innovation, that was founded in 1947,” said Christopher Atayan, AMCON’s chairman and CEO. “We warmly welcome Master Distributors associates, customers, and vendors to our AMCON family. Indiana has an excellent business environment and is a state that we want to continue to strategically expand in.”
AMCON will continue to serve Master Distributors customers from their location in South Bend. With this acquisition, AMCON will now be servicing approximately 7,900 locations in 33 states.
“The Carrico family’s steadfast commitment and dedication to customer service and many years of industry leadership is a common operating philosophy shared by both AMCON and Master Distributors, which serves as a strong foundation to grow and support our customer base,” said Andrew Plummer, AMCON’s president and COO. “We also look forward to providing the leading-edge customer-centered suite of services that AMCON has developed to bring additional value for the Master Distributors customers we will now be serving.”
The transaction is expected to close in AMCON’s third quarter of fiscal 2024, subject to customary closing conditions.
“We now have the enhanced capacity, technology, geographic reach, and foodservice facilities required to serve our customers as they grow,” Scott Carrico, Master Distributors CEO, said.
This acquisition comes on the heels of AMCON’s recent acquisition of Burklund Distributors Inc. in East Peoria, Illinois. AMCON, along with its subsidiaries Team Sledd LLC and Henry’s Foods Inc., is a top convenience and foodservice distributor of consumer products with distribution centers across multiple states.
Through its Healthy Edge Retail Group, AMCON also operates health and natural product retail stores in the Midwest and Florida.
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