Bergen Brunswig Drug Company Announces Renewal of Primary Vendor Agreement With Randalls Food Market.ORANGE, Calif.--(BW HealthWire)--April 14, 1999-- Extended Partnership Denotes Service Excellence to Support Aggressive Growth Bergen Brunswig Drug Company (BBDC BBDC Brantley Capital Corporation (Cleveland, OH) BBDC before bottom dead center (referring to a piston in a engine) BBDC Banting and Best Diabetes Centre BBDC Beijing Benz-DaimlerChrysler Automotive Co, Ltd ), a subsidiary of Bergen Brunswig Corporation (NYSE NYSE See: New York Stock Exchange :BBC BBC in full British Broadcasting Corp. Publicly financed broadcasting system in Britain. A private company at its founding in 1922, it was replaced by a public corporation under royal charter in 1927. ), today announced a primary vendor agreement to supply pharmaceuticals, over-the-counter and private label products to more than 100 combination food and pharmacy stores operated throughout Texas by Houston-based Randalls Food Markets, Inc. The three-year agreement, which extends a long-term relationship with Randalls, is valued at approximately $500 million in revenues to Bergen over the life of the contract. "We are impressed with the high service levels and value-added programs that Bergen has provided us during the past 15 years as Randalls more than doubled its size," said Glen Davis Glen Davis may refer to:
provision of drugs or medicines as set out properly on a lawful prescription. A prescription can only be filled, the drugs supplied, by a registered pharmacist, veterinarian, dentist or member of the medical profession. data, and Bergen will provide us with the technological support we need to accomplish this goal as we continue to increase our business." Randalls will be among the first Bergen customers to utilize the company's new, ultra-high speed InterLinx(TM) ordering and reporting system, which provides instant access to up to two years of purchasing data and can literally reduce reporting time from weeks to minutes. "Randalls is the premier food-drug combo organization in the Southwest," noted Larry Burch, executive vice president of Bergen Brunswig Drug Company's central region. "They are a vital and growing business partner with a commitment to excellence in every facet of their operation, and we are gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that they continue to place their trust in us to help them meet that commitment." Added Brent R. Martini, president of Bergen Brunswig Drug Company, "We are excited to expand our long-term relationship with Randalls, providing them not only with the most effective slate of programs to facilitate their growth goals, but with the most advanced information management system in the industry to take their efficiencies to new levels." Randalls Food Markets, Inc., a full-service supermarket chain with annual sales of more than $2.5 billion, is one of the largest privately held enterprises in Texas, operating 43 Randalls and seven Flagship stores in the Houston area, 11 Randalls and one Flagship store in Austin, and 53 Tom Thumb Tom Thumb, 1838–83, American entertainer, whose original name was Charles Sherwood Stratton, b. Bridgeport, Conn. His career as General Tom Thumb began in 1842, when the showman P. T. and two Simon David Simon David is the oldest gourmet and specialty foods store in Dallas, Texas. Simon David is part of Randall's Food Markets, the 112-store Texas division of Safeway Inc. History stores in the Dallas/Fort Worth region. Bergen Brunswig Corporation, a Fortune 200 Company with annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues of $16 billion (excludes bulk shipments to customers' warehouses), is one of the nation's leading supply channel management companies, providing pharmaceuticals, medical-surgical supplies and specialty products as well as information management solutions and outsourcing services designed to improve cost-effectiveness and increase value for customers, patients and manufacturers across the entire healthcare spectrum. The company also develops disease-specific treatment protocols and pharmacoeconomic initiatives to assist in the reduction of overall healthcare costs while improving disease management outcomes. Some of the information set forth in this press release may constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1985 and are subject to risks, uncertainties and other factors which could cause actual results to differ materially from those projected or implied. These uncertainties are described in exhibit 99(a) to the Company's Annual Report on Form 10K for the year ended September 30, 1998 and in other reports and exhibits filed with the Securities and Exchange Commission. Bergen Brunswig press releases are available at no charge through the company's Faxline. To receive a directory of available releases, call (800) 344-7508 and follow the voice-prompt instructions. You may also view the company's website at www.bergenbrunswig.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion