GrubMarket's Streak of Acquisitions Continues with Addition of Bengard Marketing
- by Anne Allen
SAN FRANCISCO, CA - GrubMarket is one such company whose growth appears to have no bounds. We’ve been covering the California-based wholesaler for years now, and it seems not a month goes by without news hitting the wire that it has acquired yet another company. And here we are, reporting that GrubMarket has in fact snapped up another operation, Bengard Marketing, marking GrubMarket's sixth acquisition in Los Angeles, California.
"Bengard Marketing is a highly reputable specialty fruit provider with a passion for people and produce. They created a business sector of sourcing sustainable fair-trade produce from South America, and have since then been a top provider of cherries and stonefruits from South America. Their customer centric team works directly with sustainable growers in Chile, Argentina, Peru, New Zealand, and the United States to supply high quality fruits to the US market. We are thrilled to welcome them to the GrubMarket family. Together, we will strengthen our customer base and extend our grower network to Latin America and Oceania. Their deep insights of cross-continent food supply chain, logistics, and warehouse management will also benefit the evolution of our software technology," said Mike Xu, CEO of GrubMarket, in a statement.
This acquisition is GrubMarket’s strategic play to bolster its presence in the Los Angeles region. Bengard Marketing will remain based in Los Angeles, and will continue to be managed by its current leadership team.
"We are delighted to join the GrubMarket family and look forward the new growth opportunities that GrubMarket's technology and network will bring. Bengard Marketing built its success with buyers and suppliers on integrity and honesty. GrubMarket shares the same principles we have. Coming together allows us to promote the sustainability of healthy food from farm to fork and grow wherever suppliers and buyers need an honest, hardworking partner. For more than 35 years, it has been our honor to bring quality, freshness and food safety to the marketplace, a tradition to be continued as we move ahead," said Broc Bengard, CEO of Bengard Marketing.
As GrubMarket continues to expand at this rapid rate, AndNowUKnow will be here to report.