- McLane Company
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McLane Company Type Subsidiary of Berkshire Hathaway, Inc. Industry Supply Chain Solutions Founded 1894 in Cameron, Texas Headquarters Temple, Texas Revenue $34 billion (2009) Employees 15,000 Website www.mclaneco.com McLane is a $78 billion supply chain services company, providing grocery and foodservice supply chain solutions for thousands of convenience stores, mass merchants, drug stores and military locations, as well as thousands of chain restaurants throughout the United States. McLane is a wholly owned subsidiary of Berkshire Hathaway Inc. and is its single largest non-insurance business.[1]
Founded in 1894 in Cameron, Texas, McLane Company has grown from a local merchant to an international distribution and logistics leader. The company is headquartered in Temple, Texas, and operates 38 grocery and foodservice distribution centers across the country.
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Corporate Operations
McLane Company operates 20 grocery distribution centers and 18 foodservice distribution centers across the country. From these locations the company regularly services every state and county in the United States.
The President & CEO of McLane Company is W. Grady Rosier. He has held that position since 1995 and is a 20-year veteran of the company.
History
The history of McLane Company dates to 1894, when Robert McLane opened a small retail grocery store in downtown Cameron, Texas. In 1903, he expanded into wholesale trade, supplying grocery stores in neighboring towns via rail and horse-drawn wagons. During the 1920s through the 1940s, with the advent of the automobile and a robust highway system, his business grew rapidly to encompass much of the Central Texas region.
In 1966, McLane Company moved its operations to Temple, Texas, and began tailoring its warehouse operations and distribution methods to accommodate the unique needs of a nascent retail segment – convenience stores, which were popping up on many street corners and at many gasoline stations.
McLane Company pursued a plan of rapid expansion beyond Texas beginning in 1976 under the leadership of Drayton McLane, Jr., the third generation of family leadership. By 1990, the company had established a presence that was fully nationwide in scope.
In December 1990, Drayton McLane sold McLane Company to Wal-Mart Stores, Inc. for 10.4 million shares of Wal-Mart stock and an undisclosed amount of cash.[2]
McLane Company entered the foodservice business in December 2000, when it acquired certain assets from AmeriServe Food Distribution to create McLane Foodservice.[3]
In May 2003, Berkshire Hathaway acquired McLane Company from Wal-Mart for $1.45 billion.[4]
In 2008 McLane opened its 20th grocery distribution center in Jessup, Pennsylvania and 18th foodservice distribution center in Manassas, Virginia.[5]
Customers
Some prominent retail chains that receive one or more product categories from McLane are Wal-Mart, Sam's Club, Circle K, WaWa, 7-Eleven, ExxonMobil,[6] Target Stores,[7] and Love's.
Among the national restaurant chains supplied by McLane Foodservice are the Yum! Brands family of concepts: Taco Bell, KFC, Pizza Hut, Long John Silvers, and A&W Restaurants.[8]
Specialty divisions and companies
McLane Company owns the following specialty divisions and subsidiary companies:
- McLane Foodservice, Inc. is a leading supplier of food and foodservice items to restaurants throughout the US, serving more than 20,000 customers.
- Salado Sales develops and markets private label products to McLane’s convenience store customers. Its lines include various health and beauty care items, film and flash products, light bulbs, motor oil and work gloves.
- Professional Datasolutions, Inc. is a leading provider of software and services to the convenience and petroleum industries.
- C.D. Hartnett, Inc. is a full-line grocery wholesaler based in Weatherford, Texas. C.D. Hartnett supplies food service accounts, convenience stores, and independent grocers in Texas, Kansas, Oklahoma, and Louisiana. McLane Company acquired C.D. Hartnett in 2004.[9]
- McCarty-Hull, Inc. is a full-line grocery wholesaler based in Amarillo, Texas. McLane acquired McCarty-Hull in 2006.[10]
- Empire Distributers is a wholesale alcoholic beverage distributor in the Southeast US. In 2010, McLane Company purchased Empire.
References
- ^ "An irreplaceable oracle"". Toronto Star, March 4, 2007. Retrieved June 13, 2007.
- ^ "Astros sale: Changing of the guard" Houston Chronicle, July 5, 1992.
- ^ "Tricon pleased by McLane purchase of AmeriServe "". QSR Magazine, December 5, 2000. Retrieved June 13, 2007.
- ^ "Wal-Mart agrees to sell food supplier " New York Times, May 3, 2003.
- ^ http://www.expansionmanagement.com/Industryspotlights/Distribution_Centers/18615 "McLane Company to Build 400,000-square-foot (37,000 m2) Grocery Distribution Center in Jessup, Pennsylvania"]. Expansion Management, April 27, 2007. Retrieved June 13, 2007.
- ^ " Wal-Mart agrees to sell food supplier" "New York Times, May 3, 2003.
- ^ "Grocery distributor starts new center in Lackawanna County" "The Associated Press State & Local Wire", April 13, 2007.
- ^ "Tricon pleased by McLane purchase of AmeriServe "". QSR Magazine, December 5, 2000. Retrieved June 13, 2007.
- ^ "McLane buys McCarty-Hull" "Amarillo Daily News, March 30, 2006.
- ^ "McLane buys McCarty-Hull " "Amarillo Daily News, March 30, 2006.
See also
Berkshire Hathaway Corporate directors Warren Buffett (Chairman and CEO) · Charlie Munger · Howard Graham Buffett · Susan Decker · Bill Gates · David Gottesman · Charlotte Guyman · Donald Keough · Thomas S. Murphy · Ronald Olson · Walter Scott, Jr.Insurance Applied Underwriters · Berkshire Hathaway Homestate Companies · Berkshire Hathaway Assurance · Boat America · Central States Indemnity · Gateway Underwriters Agency · GEICO · Gen Re · Kansas Bankers Surety Company · Medical Protective · National Indemnity Company · United States Liability Insurance Group · Wesco FinancialMaterials and Construction Acme Brick · Benjamin Moore & Co. · Clayton Homes · International Metalworking Companies · Johns Manville · Lubrizol · Marmon · MiTek · Mouser Electronics · Precision Steel Warehouse · Shaw Industries · TTIFurniture CORT Business Services · Jordan's Furniture · Larson-Juhl · Nebraska Furniture Mart · RC Willey Home Furnishings · Star FurnitureApparel Fruit of the Loom (Russell) · Garanimals · Fechheimer Brothers · H.H. Brown Shoe Group · Justin BrandsTransportation Burlington Northern Santa Fe Corporation · NetJets · NetJets Europe · FlightSafety International · Forest River · Marquis Jet · McLane · XTRA LeaseFood Media Jewelry Scott Fetzer MidAmerican Energy
Holdings CompanyMidAmerican Energy Company · PacifiCorp · CE Electric UK · CalEnergy Generation · Kern River Gas Transmission Company · Northern Natural Gas · HomeServices of AmericaRelated articles Annual Meetings May 1, 2010 and April 30, 2011Annual Revenue: US$118.249 billion · Employees: 233,000 · Stock Symbol: NYSE: BRKA, NYSE: BRKB · Web site: berkshirehathaway.com
Categories:- Companies based in Texas
- Multinational companies headquartered in the United States
- Catering and food service companies of the United States
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