OMAHA - AMCON Distributing Company (NYSE American: DIT), a consumer products distributor, has announced the acquisition of Illinois-based Burklund Distributors, Inc. This transaction is set to enhance AMCON's distribution capabilities and expand its geographical footprint.
The acquisition, which is expected to close in the third quarter of fiscal 2024, will enable AMCON to serve approximately 7,400 locations across 32 states, utilizing Burklund's distribution centers in East Peoria and Fairview Heights, Illinois.
Christopher H. Atayan, AMCON's Chairman and CEO, expressed gratitude to Jon Burklund and Rob Hackett for entrusting the legacy of the family-held business to AMCON and assured continuity in supporting the community services of central Illinois.
AMCON's President and COO, Andrew C. Plummer, highlighted the shared customer service philosophy between the two companies and anticipated growth and enhanced services for Burklund's customers.
Jon Burklund, Chairman of Burklund, noted the alignment in commitment to team members and community, while Rob Hackett, President of Burklund, emphasized the shared respect for a positive work environment and customer relations.
The acquisition is anticipated to bring increased capabilities, technology, and foodservice facilities to Burklund's customers, aiding their growth. AMCON, along with its subsidiaries Team Sledd, LLC, and Henry's Foods, Inc., is a major distributor of a wide range of consumer products, including the operation of fifteen health and natural product retail stores through its Healthy Edge Retail Group.
This press release includes forward-looking statements subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those projected. The information is based on a press release statement and does not speculate on the broader industry impacts or trends.
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