GrubMarket acquires JC Produce, continuing steady growth
Continuing its pattern of steady expansion and funding rounds, food tech company GrubMarket adds another name to its expanding list of fresh produce purveyors. The latest acquisition to GrubMarket’s growing portfolio is California-based JC Produce.
“We are excited to join the GrubMarket team because our teams share the same underlying values, and we are similarly passionate about providing exceptional service to our customers," Jacky Chan, founder of JC Produce, said in a news release. "We are also eager to tap into a best-in-class grower network, and to leverage GrubMarket's unique and superior eCommerce and technology-enabled software platform, to bring more high-quality fresh produce to more customers across the country."
JC Produce is a fresh fruit and vegetable company known for its ginger and garlic offerings, founded 10 years ago with a focus on South American and Asian imports. Joining GrubMarket's portfolio, JC Produce will continue management with its current leadership team and will use GrubMarket's proprietary WholesaleWare. GrubMarket's software platform provides food industry wholesalers and distributors like JC Produce a suite of tools such as financial and inventory management, lot traceability, grower accounting, automated routing and logistics, and a mobile eCommerce platform.
"JC Produce is a well-known fresh produce provider that sources from hundreds of suppliers across numerous regions globally, including South America and Asia. Jacky has nearly two decades of experience in the fresh produce industry and has done a fantastic job scaling the company. Under his management, JC Produce has more than doubled its revenue over the past few years. In addition, the company has an exceptional track record in food safety, having achieved a top-percentile score from the most reputable food safety certifier in the industry,” Mike Xu, CEO of GrubMarket, said in the release. "This acquisition enables GrubMarket to further strengthen our presence on the West Coast, as well as our sourcing power worldwide. We are thrilled to welcome the JC Produce team to the GrubMarket family."
Founded in 2014 and focused on connecting the food supply chain in the U.S. and Canada, GrubMarket has acquired over 10 fresh produce businesses and counting. The flourishing food tech company now operates in all 50 U.S. states, as well as Canada and South America, and continues to expand its global footprint.
Learn more about GrubMarket’s recent milestones:
2022
- Acquires California-based Daylight Foods: GrubMarket strengthens connection to California farms with latest acquisition;
- Adds Quality Fruit & Vegetable Co. in the Southwest: GrubMarket expands into New Mexico through the acquisition of Quality Fruit & Vegetable Co.; and
- Launches WholesaleWare software suite for wholesalers and distributors: GrubMarket expands network and grows technology platform.
2021
- Expands adding seller of domestic and imported fruit, Bengard Marketing Inc.: GrubMarket buys fruit seller Bengard Marketing; and
- Acquires Sierra Produce, South American fruit importer: GrubMarket acquires Sierra Produce.
