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PMG to Expand its Market Reach via Acquisition

Independent manufacturers' rep firm acquires a food broker's foodservice equipment and supplies business.

PMG, a California-based independent manufacturers' rep firm, will acquire the foodservice equipment and supplies division from Marketsmart Inc., a Northern California food broker. The deal will take effect on January 1, 2015.

As a part of the deal, Marketsmart's foodservice equipment and supplies sales team will join PMG. This includes Jim Macchi, currently Marketsmart's vice president, who will join PMG as vice president, business development. Territory managers Steve Reger and Tim Nasty will serve in a similar capacity along with current PMG salesperson Tom Tallon.

In addition, PMG has agreed to utilize the Marketsmart culinary facility and share other resources to assure a smooth transition.

Marketsmart is a division of Core Group, which has eleven divisions serving the foodservice industry.