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  6. Peterson Farms Acquires Fresh Innovations Of California

M&A Deal Summary

Peterson Farms Acquires Fresh Innovations Of California

On December 13, 2022, Peterson Farms acquired food company Fresh Innovations Of California from Arable Capital Partners

Acquisition Highlights
  • This is Peterson Farms’ 1st transaction in the Food sector.
  • This is Peterson Farms’ 1st transaction in the United States.
  • This is Peterson Farms’ 1st transaction in California.

M&A Deal Summary
Date 2022-12-13
Target Fresh Innovations Of California
Sector Food
Buyer(s) Peterson Farms
Sellers(s) Arable Capital Partners
Deal Type Add-on Acquisition

Target

Fresh Innovations Of California

Stockton, California, United States
Fresh Innovations Of California is a processor of fresh sliced apples and other packaged fruits. The Company offers its health-driven, conveniently packaged fresh fruits and vegetable products in both organic and conventional options. Fresh serves the warehouse club, casual dining, entertainment, education and health care segments amongst others. Fresh Innovations Of California was founded in 2001 and is based in Stockton, California.

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Buyer(S) 1

Buyer

Peterson Farms

Shelby, Michigan, United States
Category Company
Sector Food
DESCRIPTION

Peterson Farms is a producer and seller of fruit products including apples, blueberries, sweet cherries, and tart cherries. Peterson Farms is based in Shelby, Michigan.

DEAL STATS #
Overall 1 of 2
Sector: Food M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: California M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2022 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-02 Country Pure Foods

Akron, Ohio, United States

Country Pure Foods is a provider of branded and private label beverage products to healthcare and education markets as well to grocery retailers. Country Pure Foods was founded in 1948 and is based in Akron, Ohio.

Buy -

Seller(S) 1

SELLER

Arable Capital Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Focused
DESCRIPTION

Arable Capital Partners is an investment firm focused on food and agriculture businesses based in the Western US. Prospective transaction types include management buyouts and growth financings. Arable Capital Partners was formed in 2016 and is based in Bellevue, Washington.

DEAL STATS #
Overall 4 of 4
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 4 of 4
Country: United States M&A 4 of 4
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 Royal Ridge Fruits

Royal City, Washington, United States

Royal Ridge Fruits is a processor of organic and conventional dried and IQF fruits, with recognized retail offerings under the Stoneridge Orchards brand. Royal Ridge farm has grown to over 2,500 acres planted in conventional and certified organic tart and sweet cherries, blueberries, apples, and other crops Royal Ridge Fruits was founded in 2009 and is based in Royal City, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-30 organicgirl

Salinas, California, United States

organicgirl is a provider of organic packaged salads. organicgirl was founded in 2007 and is based in Salinas, California.

Buy -
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