GrubMarket has acquired produce supplier, Best Fresh Produce, as it seeks to strengthen its presence in the Los Angeles area.
Founded in 2007, Best Fresh Produce supplies fresh fruit and vegetables to customers in California, the midwest, the east coast and other metropolitan areas around the US. The Los Angeles-based company is also a supplier of dates nationwide.
The financial terms of the transaction, which marks GrubMarket’s fifth acquisition in the Los Angeles area, have not been disclosed.
Mike Xu, CEO of GrubMarket, said: “Best Fresh Produce is a highly respected wholesome produce provider in the Los Angeles area. They work directly with an outstanding variety of farmers in the region, and are committed to supplying healthy, fresh produce with the highest standard of quality and sustainability.
“We are delighted to welcome them to the GrubMarket family. Together, we will build a greater customer base and a stronger grower network in the food ecosystems of Los Angeles and nationwide.”
GrubMarket says that Best Fresh Produce will now be able to use its proprietary WholesaleWare software suite, which offers tools for financial and inventory management, and more.
Best Fresh Produce will continue to be managed by its current leadership team under the new ownership.
“We are thrilled to join the GrubMarket family and look forward to the new growth opportunities that GrubMarket’s technology and network will generate,” said Zakaria Trad, CEO of Best Fresh Produce.
“We are delighted to learn that GrubMarket shares the same value of supporting farmers on their platform and promoting the integrity and sustainability of healthy fresh food developed from seeds to table.”
Earlier this year, GrubMarket acquired meat purveyor Grand Food in a bid to strengthen and diversify its position as a major protein provider in the San Francisco Bay Area.
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