Pathmark Stores, Inc. Joins Topco as a New Member-Owner
16 November 2006 - 2:29PM
Business Wire
Pathmark Stores, Inc. (Nasdaq: PTMK) announced today that it has
joined Topco Associates LLC, a privately-held national cooperative
that helps its members leverage their collective volume in
realizing cost efficiencies in the area of product procurement.
Pathmark will participate in Topco�s private label programs
involving Grocery, Health and Beauty Care, General Merchandise,
Frozen, Dairy and Bakery. Ken Martindale, Co-President and Chief
Marketing and Merchandising Officer of Pathmark stated, �We are
pleased to become a member of Topco and take advantage of the many
high quality products and cost containment opportunities that Topco
offers. As one of Topco�s 60 member companies, we join a
cooperative that has aggregated purchasing power of more than $5.6
billion. We expect to realize significant benefits, in particular,
this partnership will help to strengthen our private label program
and it is another major step in our repositioning of Pathmark.�
About Pathmark Stores, Inc. Pathmark is a leading regional
supermarket chain currently operating 141 supermarkets in the New
York- New Jersey and Philadelphia metropolitan areas. Additional
information about Pathmark may be found at its website,
www.pathmark.com. About Topco Topco Associates LLC is a
privately-held company with revenues of $5.6 billion. The company
specializes in aggregating the purchases of its 60 food industry
member-owners in the procurement of a broad range of products and
services. Topco leverages the volume, knowledge, and commitment of
its member companies to be the least cost and most effective
provider of quality goods and services for the food industry.
Additional information about Topco may be found at its website,
www.topco.com. Pathmark Stores, Inc. (Nasdaq: PTMK) announced today
that it has joined Topco Associates LLC, a privately-held national
cooperative that helps its members leverage their collective volume
in realizing cost efficiencies in the area of product procurement.
Pathmark will participate in Topco's private label programs
involving Grocery, Health and Beauty Care, General Merchandise,
Frozen, Dairy and Bakery. Ken Martindale, Co-President and Chief
Marketing and Merchandising Officer of Pathmark stated, "We are
pleased to become a member of Topco and take advantage of the many
high quality products and cost containment opportunities that Topco
offers. As one of Topco's 60 member companies, we join a
cooperative that has aggregated purchasing power of more than $5.6
billion. We expect to realize significant benefits, in particular,
this partnership will help to strengthen our private label program
and it is another major step in our repositioning of Pathmark."
About Pathmark Stores, Inc. Pathmark is a leading regional
supermarket chain currently operating 141 supermarkets in the New
York- New Jersey and Philadelphia metropolitan areas. Additional
information about Pathmark may be found at its website,
www.pathmark.com. About Topco Topco Associates LLC is a
privately-held company with revenues of $5.6 billion. The company
specializes in aggregating the purchases of its 60 food industry
member-owners in the procurement of a broad range of products and
services. Topco leverages the volume, knowledge, and commitment of
its member companies to be the least cost and most effective
provider of quality goods and services for the food industry.
Additional information about Topco may be found at its website,
www.topco.com.
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