FreshEdge has added McCartney Produce to its family of companies, following its acquisition of the fresh produce and specialty food products distributor for an undisclosed sum.
Founded in 1947, McCartney distributes fresh produce and specialty products to foodservice and retail customers from its facility in Paris, Tennessee. Following the transaction, the company will continue to operate from its current facility.
The acquisition will further diversify FreshEdge’s combined customer base and expand its service offerings and presence in the Midwest and Southeast US.
As part of the deal, McCartney will join FreshEdge’s portfolio of produce and specialty food companies that includes Get Fresh, Indianapolis Fruit, Piazza Produce & Specialty Foods, Garden Cut, CIBUS Fresh, and Papania’s. These portfolio companies are also backed by private equity firm, Rotunda Capital Partners.
“We are pleased to continue to build our family of ‘Best in Class’ fresh food distribution companies that are supported by our collection of vertically integrated value-added operations,” said Steve Grinstead, CEO of FreshEdge.
According to the press release, the transaction positions the combined group of companies as one of the largest independent produce and specialty food distributors in the US.
Greg Corsaro, president of FreshEdge, added: “We believe combining our operations in Tennessee with McCartney’s strong market presence will enhance FreshEdge’s ability to serve foodservice and retail customers in the south and southeast.”
Raymon Randolph, president of McCartney Produce, said: “By teaming up with FreshEdge, McCartney will expand its selection of specialty items and fresh-cut processed products such as fresh salads, sandwiches, and healthy snack items – while continuing to provide its exceptional customer service.”
© FoodBev Media Ltd 2020
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