M&A Deal Summary

FreshEdge Acquires Testa Produce

On May 2, 2023, FreshEdge acquired distribution company Testa Produce

Acquisition Highlights
  • This is FreshEdge’s 2nd transaction in the Distribution sector.
  • This is FreshEdge’s 3rd transaction in the United States.
  • This is FreshEdge’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2023-05-02
Target Testa Produce
Sector Distribution
Buyer(s) FreshEdge
Deal Type Add-on Acquisition

Target

Testa Produce

Chicago, Illinois, United States
Testa Produce is a producer and specialty food distribution business that operates out of a state-of-the-art 91,300 square foot facility that features green technologies to utilize energy generation and water conservation. Testa Produce is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

FreshEdge

Indianapolis, Indiana, United States
Category Company
Sector Distribution
DESCRIPTION

FreshEdge is a produce distributor in the Midwest. FreshEdge provides fresh and packaged produce varieties, as well as partially prepared meal components, to a variety of customer types including grocery stores, restaurants, schools, and food management companies. FreshEdge is based in Indianapolis, Indiana.

DEAL STATS #
Overall 3 of 4
Sector (Distribution) 2 of 3
Type (Add-on Acquisition) 3 of 4
State (Illinois) 2 of 3
Country (United States) 3 of 4
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 Get Fresh Produce

Bartlett, Illinois, United States

Get Fresh Produce is a distributor of fresh produce, fresh-cut items and specialty products to the foodservice and retail customers in Illinois, Southern Wisconsin and Western and Central Indiana. Get Fresh Produce was founded in 1982 and is based in Bartlett, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-23 Panama

Chicago, Illinois, United States

Panama is a wholesaler and distributor of fine products in the Chicago International Produce Market. The company offers ripening rooms, cold coolers, climate-control docks that maintain the cold chain throughout the entire process of unloading and reloading, producing packaging and repacking with plastic-free clipped bags, and logistics. Panama was formed in 1925 and is based in Chicago, Illinois.

Buy -
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