M&A Deal Summary

GrubMarket Acquires Fresh Tex Produce

On September 15, 2020, GrubMarket acquired food company Fresh Tex Produce

Acquisition Highlights
  • This is GrubMarket’s 2nd transaction in the Food sector.
  • This is GrubMarket’s 9th transaction in the United States.
  • This is GrubMarket’s 1st transaction in Texas.

M&A Deal Summary
Date 2020-09-15
Target Fresh Tex Produce
Sector Food
Buyer(s) GrubMarket
Deal Type Add-on Acquisition

Target

Fresh Tex Produce

Alamo, Texas, United States
Fresh Tex Produce is a highly-reputable and well-scaled provider of a wide array of fresh fruits and vegetables. Fresh Tex Produce utilizes a cutting-edge ProduceFresh system to maintain the nutritional integrity and aesthetic qualities of the product while reducing its carbon footprint. Fresh Tex Produce was founded in 1999 and is based in Alamo, Texas.

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Buyer(S) 1

Buyer

GrubMarket

San Francisco, California, United States
Category Company
Founded 2014
Sector E-Commerce
DESCRIPTION

GrubMarket is an online marketplace that connects consumers with local farms and food producer communities in the United States. GrubMarket was formed in 2014 and is based in San Francisco, California.

DEAL STATS #
Overall 9 of 19
Sector (Food) 2 of 4
Type (Add-on Acquisition) 9 of 18
State (Texas) 1 of 2
Country (United States) 9 of 18
Year (2020) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-11 Grand Food

Hayward, California, United States

Grand Food is a meat purveyor to restaurants, markets, Institutions, and foodservice operators in the San Francisco Bay Area. Grand Food has a state-of-the-art processing facility that customizes cuts and sizes of meat-based on customers' specifications. It also has a state-of-the-art warehouse automated and powered by GrubMarket's proprietary software technologies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-22 Best Fresh Produce

Los Angeles, California, United States

Best Fresh Produce, Inc. is a provider of a wide array of fresh fruits and vegetables. Best Fresh Produce was founded in 2007 and is based in Los Angeles, California.

Buy -
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