Grubmarket has acquired New York produce wholesaler L&J Produce. L&J Produce, which has relationships with domestic farms in New England, Florida, and California, works with many customers in New York ranging from supermarkets to restaurants and online grocers.
"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,” said Mike Xu, CEO of GrubMarket, in a statement. “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 software solutions.”
L&J Produce will continue to be managed by its current leadership team.
"We are excited to join the GrubMarket family and embrace the new growth opportunities that GrubMarket's software technology and business network can offer,” said Joanne Chu, general manager of L&J Produce, in a statement. “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."
Related: GrubMarket Acquires Produce Wholesaler; GrubMarket Acquires Texas Wholesaler.
Image: GrubMarket