Sysco has acquired Armstrong Produce and Kula Produce, Hawaii-based produce wholesalers and distributors with approximately $155 million in combined annual revenue.
Following the transaction, the sister companies will operate as part of FreshPoint, Sysco’s specialty produce business.
Founded in 1979, Armstrong Produce has operations in Honolulu, Kona and Kahului, and supplies retailers and restaurants.
“Armstrong Produce and Kula Produce have been providing quality service and produce to Hawaii and the Pacific region since 1979 and we are excited to welcome them to the Sysco family of companies and to FreshPoint,” said Greg Bertrand, Sysco’s executive vice president, US foodservice operations.
“A key pillar of FreshPoint’s strategy for continued growth and value creation is the continuous assessment of new market opportunities. Acquiring Armstrong Produce and Kula Produce provides Sysco and FreshPoint with additional direct access to the Hawaiian islands and increased capacity to expand our produce assortment in the local market.”
FreshPoint expects to retain the executive leadership team of Armstrong Produce and Kula Produce, as well as all current associates.
“By leveraging the combined skills of FreshPoint, Armstrong Produce and Kula Produce, we are better positioned to serve our customers,” continued Bertrand. “This partnership provides an opportunity to broaden our vision to be our customers’ most valued and trusted business partner.”
In January, Sysco entered into an agreement to buy Waugh Foods, an Illinois-based foodservice distributor, following from its acquisitions in 2018 of UK-based frozen food distributor Kent Frozen Foods and Louisiana-based Doerle Food Services.
© FoodBev Media Ltd 2019