BELLEVUE, WA - This week, Arable Capital Partners announced the acquisition of Farmington Fresh Cuts, a Stockton, California-based processor of fresh sliced apples, oranges, pears, and other packaged fruits.
“We are excited to build on our investment in the value-added fruit and vegetable category. This merger allows both companies to continue their high level of service for their existing customers and to develop new customers on a regional and national level,” said Derek Yurosek, Managing Director of Arable Capital Partners.
As part of the acquisition, Farmington will merge with Arable’s portfolio company, Fresh Innovations, as a means to bolster its presence in the fresh sliced fruit category.
“The addition of Farmington will help us accelerate our growth plans for Fresh Innovations. We have a lot of confidence in the Fresh Innovations management team that will be running the combined companies,” said Greg Richards, Managing Director of Arable Capital Partners.
According to a press release, Farmington, an important member in the value-added fresh fruit category in Central Valley, California, since 1995, has a long-standing customer base in California that stretches across the school, foodservice, and retail segments. In addition, the company’s strategic location next to the Stockton Metropolitan Airport and nearby highways gives it unparalleled access to both its suppliers and customers.
“The acquisition of Farmington is consistent with our objective to continue expanding our national presence and enhancing the value proposition of our current and future product offerings,” said President of Fresh Innovations Toby Cohen. “My management team has identified numerous ways to translate the Fresh Innovation’s best practices into the Farmington business. This acquisition is going to give us much needed capacity to help accelerate our growth objectives.”
For more of the latest produce acquisitions in our industry, keep reading AndNowUKnow.
