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Grubmarket Acquires London Fruit To Expand Further In Texas

Aug 03, 2023almost 2 years ago

Acquiring Company

GrubMarket

Acquired Company

Fruit

San Francisco

Description

GrubMarket announced today that it has completed the acquisition of South Texas-based London Fruit, an established, family-owned wholesale distribution business that has been operating since 1981. London Fruit is a market leader in avocados, limes, mangos, and other premium tropical fruits sourced from its extensive network of producers across Mexico, Peru, and other parts of South America. Located in Pharr, Texas, a city known for being a critical bridge between the U.S. and Mexico, London Fruit operates a modern facility that spans almost 50,000 square feet, including state-of-the-art refrigerated cold storage and a USDA organic-certified repacking space. In addition to import and distribution, London Fruit offers value-added services such as custom packing, grading, and private labeling.

Company Information

Company

GrubMarket

Location

1925 JERROLD AVE.

San Francisco, California, United States

About

Founded in 2014, GrubMarket is a San Francisco-based food technology company operating in the space of food ecommerce both to business and to consumer as well as providing related software-as-a-service solutions to solve inefficiencies in the American food supply chain. Currently, GrubMarket operates in California, Washington, Texas, Michigan, New York, New Jersey, Missouri, Massachusetts, Oregon and Arizona, with plans to expand to other parts of the country.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed