San Francisco-based Core-Mark Holding Company announced they have entered into a Definitive Asset Purchase Agreement to acquire all of the assets of Carroll’s Farner-Bocken Company for 190 million dollars. Farner-Bocken Chairman, John Norgaard says, “After a careful evaluation of potential partners to preserve the Farner-Bocken Company legacy, Core-Mark emerged as the obvious choice.”

Third-generation-owned Farner-Bocken is a landmark Carroll company founded in 1939. Their more than one-thousand employees provide foodservice and fresh supplies to nearly six-thousand customers in 14 Midwestern states.A timeline for the acquisition has not yet been released.

(Radio Iowa)