McCartney Produce Unveils Plans to Join FreshEdge™
- by Anne Allen
INDIANAPOLIS, IN - Exciting news is in the air at McCartney Produce, the fresh produce and specialty foods distributor, as it has announced that it will be joining FreshEdge™ and its family of companies. The addition of McCartney will serve to further diversify the group’s customer base and expand its offerings in the Midwest and Southeast. In joining FreshEdge, McCartney will be welcomed into the fold of companies that include Get Fresh, Indianapolis Fruit, Piazza Produce & Specialty Foods, Garden Cut, CIBUS Fresh, and Papania’s.
“By teaming up with FreshEdge, McCartney will expand its selection of specialty items and fresh-cut processed products such as fresh salads, sandwiches, and healthy snack items—while continuing to provide its exceptional customer service,” said Raymon Randolph, President of McCartney Produce.
The deal closed on November 18, but terms of the transaction were not disclosed, according to a press release. The deal positions the group of companies as one of the largest independent produce and specialty foods distributors in the United States.
“We are pleased to continue to build our family of ‘Best in Class’ fresh food distribution companies that are supported by our collection of vertically integrated value-added operations,” said Steve Grinstead, CEO of FreshEdge.
McCartney was founded in 1947 and distributes its products from its facility in Paris, Tennessee. As the company joins FreshEdge, Randolph will continue to lead McCartney as President, and operations will continue from the company’s current location.
“We are excited to have McCartney join the FreshEdge family,” said Greg Corsaro, President of FreshEdge. “We believe combining our operations in Tennessee with McCartney’s strong market presence will enhance FreshEdge’s ability to serve foodservice and retail customers in the South and Southeast.”
FreshEdge is backed by Rotunda Capital Partners, a Bethesda, Maryland-based private equity firm. The Firm is known for investing equity capital in already established lower middle-market companies and provides opportunities for management teams to achieve strategic, operation, and financial objectives.
As FreshEdge continues to expand its family of companies, ANUK will keep its fingers on the newswire to bring you updates.