San Francisco / CA. (grb) Food technology company GrubMarket announced it has completed the acquisition of Terra Exports, a Las Vegas, Nevada-based company that distributes fresh produce to and from over 65 countries around the world, while handling a very diverse commodity produce portfolio.
Founded in 2012 by Nils Goldschmidt, Terra Exports is a global fresh produce company that imports and exports fresh fruits and vegetables across 65+ countries, with team members physically located in 13 of these. In addition, Terra has been featured 4 times on the INC 5000’s list of fastest growing U.S. private companies, coming in at 1,086 in 2021. Their tremendous growth over the years has been attributed to its incredibly diverse team, which is made up of people from multiple backgrounds. While Terra handles over 50 different products, the company is particularly strong in avocados, cherries, apples, grapes, and berries. After the acquisition, the business will continue to be managed by its current strong and mission-driven leadership team.
«We are excited to join the GrubMarket team and welcome the opportunities brought forth by GrubMarket’s robust technology platform and strong eCommerce supply and demand network. We want to continue being one of the most high-quality and reliable fresh food distributors for our global customers and are thrilled that GrubMarket shares this goal. We sincerely look forward to joining the GrubMarket team and bringing more grower-direct and premium quality goods to GrubMarket’s suppliers and end customers,» said Nils Goldschmidt, CEO of Terra Exports.
According to Mike Xu, CEO of GrubMarket: «Terra Exports has such a strong distribution network across the world and offers a catalogue of high quality specialty produce. Nils and the top-notch team at Terra have grown the company to do hundreds of millions in sales, which shows how capable the team is and how valuable the company is to their customers and partners. In addition, it has been great to see Terra think outside the box with their Avolicious in-house avocado brand. They’ve also been recognized by INC 5000 several times as a fast-growing company so we’re thrilled to welcome Terra Exports to the GrubMarket family and achieve rapid sustainable growth together.»
Lastly, Terra Exports will now be able to utilize GrubMarket’s innovative proprietary WholesaleWare software suite, the company’s software-as-a-service platform that provides food industry wholesalers and distributors with seamless financial management, easy-to-use sales and online ordering features, precise inventory management, lot traceability and tracking, grower accounting, and automated routing and logistics tools.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Cloetta AB: announces Q2-2024 interim report
- Axfood AB: Reports Q2-2024 Financial Results
- Chef Robotics: Launches AI-Powered Food Robot
- Conagra Brands: Reports Fourth Quarter 2024 Results
- Limerston Capital sells Village Bakery to Groupe Menissez
- GrubMarket: Buys Major Foodservice Company in Texas
- Lantmännen acquires Entrack AB
- DPC Dash: Concludes H1-2024 with Sustained Expansion
- Norway: Orkla Food Ingredients acquires FDE
- Fondo Italiano d’Investimento co-invests in Casa della Piada
- Greggs: invests in a new frozen manufacturing and logistics site
- Bundeskartellamt imposes fine against «Fritz!» manufacturer AVM
- Yum China: Celebrates Opening of its 200th KCoffee Store
- Beijing intends to roll out 5’400 food production robots
- K-Citymarket: sees significant sales growth in Finland
- DPC Dash: reaches 900-store milestone in China
- Coffee Holding: Terminates Merger with Delta Corp Holdings
- Perkins Restaurant + Bakery: introduces new brand identity
- Engelmans Bakery: acquires St. Armands Baking Company
- National DCP: Breaks Ground on New Distribution Center