GrubMarket acquires New York-based produce wholesaler L&J Produce
US food technology company GrubMarket has acquired New York-based produce wholesaler L&J Produce for an undisclosed price, in a move to grow its nationwide food supply chain footprint.
According to GrubMarket, L&J Produce is an important sourcing channel for fruits and vegetables in the New York Metro Area.
With deep relationships with domestic farms across New England, California, and Florida, L&J Produce is said to work with several customers in New York. The company’s customers range from supermarkets to restaurants and e-groceries.
L&J Produce, which was established in 2010, provides tropical fruits, local seasonal fruits, and Asian vegetables among a wide variety of products.
Joanne Chu — General Managers of L&J Produce said: “We are excited to join the GrubMarket family and embrace the new growth opportunities that GrubMarket’s software technology and business network can offer.
“We look forward to joining GrubMarket’s technology-enabled eCommerce platform and supplier network. Together, we aim to take L&J Produce to the next level of success.”
Following the acquisition, the produce wholesaler will continue to be managed by its existing leadership team.
L&J Produce marks the fourth acquisition for GrubMarket in New York.
Mike Xu — CEO of GrubMarket said: “This acquisition enables GrubMarket to reach a hundred million dollars of annual run rate revenue in New York, and further strengthen its producer relationships in the New York Metro Area in many categories. We are excited to welcome the L&J Produce team to the GrubMarket family.
“Together, we will build a greater customer base and a stronger digital producer network in the food ecosystem of New York and nationwide. We also look forward to working with L&J Produce team to digitally transform their business and operations via our best-in-class software solutions (WholesaleWare).”
Recently, GrubMarket acquired Grant J. Hunt Company, a produce wholesaler on the West Coast, which has offices in Washington and Northern California.