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Invest NB / Economic Development McKesson Canada expands Moncton distribution centre

MONCTON (CNB) - Jan. 27, 2012 - McKesson Canada is investing $25-million to strengthen its distribution business in Moncton, which will become the company's regional base to serve its customers in the Maritimes.

"Working with first-rate companies like McKesson Canada is a critical part of Invest NB's plan to grow the province's gross domestic product (GDP) and create a stronger, more sustainable economy," said Premier David Alward. "As a leading provider of logistics, information products and services within the Canadian health care marketplace, we are thrilled that the company has chosen to expand its operations and establish its Atlantic Canada regional office in Moncton."

Alward said that with its central location in the Maritimes, Moncton is an ideal location for businesses looking for easy, cost-effective access to any market. He said Invest NB will continue to work closely with McKesson Canada to ensure all future economic opportunities are realized to their full potential.

"The new distribution centre will enable us to generate more efficiencies for our customers," said McKesson Canada president Nick Loporcaro. "This is an important decision for McKesson Canada as it also provides more flexibility and potential to offer new distribution services to our Maritimes customers while taking into account current and future needs.

The new facility will employ 90 people and begin operating in the coming days. All 50 employees at the existing Moncton facility will be transferred to the new distribution centre in Moncton's Caledonia Industrial Park.

The creation of these new jobs will contribute more than $2.2 million in new GDP in fiscal 2011-12.

Invest NB's mission is to identify and pursue opportunities for strategic and commercially viable foreign direct investments in New Brunswick. Guided by a private sector board of directors, the Crown corporation offers personalized services tailored to the needs of expanding companies and provides financial assistance when required and as appropriate to secure investments.

Founded more than 100 years ago, McKesson Canada delivers medicines, supplies and information technologies to the healthcare industry to provide patients with better, safer care.