DALLAS, TX – APRIL 30, 2012 – Today, the Food Marketing Institute (FMI) announces its strategic business partnership with TopSource LLC, a sourcing company and wholly-owned subsidiary of Topco Associates LLC. This partnership will provide FMI members the opportunity to support the foundations of their growing businesses with significant savings related to costs in not-for-resale areas. Leslie G. Sarasin, president and CEO of FMI, said, “This new partnership with TopSource addresses FMI members’ needs as they enhance their businesses, create efficiencies in operations and address their ultimate bottom lines. "TopSource and FMI will bridge membership value and provide access to savings in not-for-resale areas,” Sarasin continued. From the TopSource point of view, Randy Skoda, President and CEO of Topco states, “We are proud to be in partnership with FMI. The synergy between our two organizations is unparalleled as we both work with retailers and wholesalers to help them be successful. TopSource will provide FMI with a not-for-resale solution that will benefit hundreds of companies.” Steve Smith, president and CEO of K-Va-T Food Stores, Topco’s Chairman of the Board and Past FMI Chairman said, “As an active member of both FMI and Topco, I am confident that this partnership will provide tremendous value to independent retail members of both organizations.” FMI and TopSource will work together on program initiatives to help food retailers and wholesalers identify business opportunities and better serve the needs of their customers. More details on the partnership will be announced in the coming months.
Food Marketing Institute (FMI) conducts programs in public affairs, food safety, research, education and industry relations on behalf of its nearly 1,250 food retail and wholesale member companies in the United States and around the world. FMI’s U.S. members operate more than 25,000 retail food stores and almost 22,000 pharmacies with a combined annual sales volume of nearly $650 billion. FMI’s retail membership is composed of large multi-store chains, regional firms and independent operators. Its international membership includes 126 companies from more than 65 countries. FMI’s nearly 330 associate members include the supplier partners of its retail and wholesale members.
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