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PTMK Pathmark Stores (MM)

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Share Name Share Symbol Market Type
Pathmark Stores (MM) NASDAQ:PTMK NASDAQ Common Stock
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Pathmark Stores, Inc. Joins Topco as a New Member-Owner

16/11/2006 1:29pm

Business Wire


Pathmark Stores (NASDAQ:PTMK)
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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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