Chairman of Carroll’s Farner-Bocken Company, John Norgaard, says Monday’s announcement that San Fancisco-based Core-Mark Holding Company, Inc.’s acquisition of all of the Farner-Bocken assets is really good news for the employees, the customers and the community of Carroll.
Leadership has met with all the employees and, according to Norgaard, they are embracing the situation; they are happy, as they should be, Norgaard adds. Current President, Dean Onken, and Chief Financial Officer, Paul Francis will remain in leadership roles as Co-Presidents and the more than 1,000 employees will be remaining in place, and the business name that has been an iconic part of the Carroll business community since 1939 will not see any noticeable changes in the near future.
The Farner-Bocken acquisition will also offer a new avenue for the Core-Mark business model. Norgaard says it may help them expand out into new areas beyond a focus as convenience store suppliers.
Norgaard adds the selection of Core-Mark as the company that would continue the Farner-Bocken legacy was all because of an alignment in goals for the good of their customers, employees and communities.
Neither Farner-Bocken nor Core-Mark have announced a date for when the estimated $190 million acquisition will be completed.
