FOLSOM, Calif.--An expanding customer base and implementation of inventory management software designed to aid drug chains in managing their businesses helped Whitmire Distribution Corp. pass a financial milestone fiscal 1992.
The company topped $2 billion in revenues ($2.33 billion) for the fiscal year ended June 27. The record performance was a 25.6% gain over fiscal 1991's $1.62 billion.
Formerly known as Amfac Health Care, the company was spun off in 1988 by its parent, Amfac Inc. At that time, a management group led by president Melburn Whitmire acquired a majority interest in the company, although Amfac remains an investor.
Whitmire attributes much of …
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