GrubMarket delivered news of a completed acquisition yesterday between the company and JC Produce, a California-based fresh produce distributor and wholesale company.
The acquired company sources ingredients from around the world with a focus on South America and Asia, selling to many retailers, foodservice, and wholesale customers across the U.S. After the acquisition, the business will continue to be managed by its current leadership team.
"When I started JC Produce a decade ago, I wanted to build a lasting company that I could nurture and grow, and I worked hard to build it into a respected and high-performing business. We are excited to join the GrubMarket team, because our teams share the same underlying values, and we are similarly passionate about providing exceptional service to our customers,” said Jacky Chan, founder of JC Produce, in a statement. “We are also eager to tap into a best-in-class grower network, and to leverage GrubMarket's unique and superior eCommerce and technology-enabled software platform, to bring more high-quality fresh produce to more customers across the country."
As a part of GrubMarket’s portfolio, JC Produce now has access to the foodtech company’s WholesaleWare software suite which will give insight into financial and inventory management and sales and ordering features.
"JC Produce is a well-known fresh produce provider that sources from hundreds of suppliers across numerous regions globally, including South America and Asia. Jacky has nearly two decades of experience in the fresh produce industry and has done a fantastic job scaling the company. Under his management, JC Produce has more than doubled its revenue over the past few years,” said Mike Xu, CEO of GrubMarket, in a statement. “This acquisition enables GrubMarket to further strengthen our presence on the West Coast as well as our sourcing power worldwide. We are thrilled to welcome the JC Produce team to the GrubMarket family."
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