Fresh Direct Produce Acquires Emperor Specialty Foods
- by Maggie Mead
INDIANAPOLIS, IN - In this industry it’s all about moving onwards and upwards, and Fresh Direct Produce has taken major steps towards kick-starting its future growth. HKW, a middle-market private equity firm, announced that Fresh Direct Produce, its portfolio company, has acquired Emperor Specialty Foods.
“With a talented management team and range of complementary products, we are confident Emperor will prove an important addition to Fresh Direct Produce, and play a critical role in our value-driven growth plan,” said Davis Yung, President, CEO, and Co-Founder of Fresh Direct Produce.
Emperor Specialty Foods, founded in 1986 and headquartered in Richmond, BC, Canada, specializes in the distribution of pears, mushrooms, and other specialty fruits and vegetables. According to a press release, the acquisition will provide significant growth opportunities for Fresh Direct Produce, a company that distributes more than 1,000 domestic, imported, and organic fruit and vegetable items.
“The addition of Emperor’s products and customers, as well as a new location, will allow for smart, strategic growth opportunities,” said Kent Robinson, HKW Partner and Chairman of the Board for Fresh Direct Produce. “This is an important step forward for Fresh Direct Produce and we are excited for both teams. The acquisition is also strategically aligned within the Health & Wellness sector, a key area of focus for HKW.”
The financial terms of the transaction were not disclosed.
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