GrubMarket, a San Francisco, CA-based company specializing in technologically advanced B2B food eCommerce and enterprise artificial intelligence solutions for the food supply chain industry, acquired Brothers Produce, a Houston, TX-based foodservice distributor in Texas and the broader Southwestern U.S.
The amount of the deal was not disclosed.
With the acquisition, GrubMarket will consolidate and expand its presence across Texas and the Southwestern U.S.
Founded as a small family business in the 1980s by fresh produce veteran Martin Erenwert, Brothers Produce is now a full-service food distribution and wholesale business with warehouse facilities in Houston, Dallas/Fort Worth, and San Antonio, totaling over 250,000 square feet in space and featuring monitored, temperature-controlled cold storage, freezer storage, and dry storage. Brothers Produce also benefits from its logistics capabilities, which include an fleet of over 200 vehicles spanning refrigerated trucks, vans, and trailers designed to preserve product freshness during transit.
After the acquisition, the business will continue to be managed by its current experienced, mission-driven, and service-oriented leadership team led by Martin and his son, Brent Erenwert, who runs the Houston division.
Led by CEO Mike Xu, GrubMarket is an AI-powered technology enabler and digital transformer of the American food supply chain industry. The company operates in all 50 U.S. States and has a global presence in Argentina, Canada, Chile, Colombia, Egypt, India, Mexico, South Africa, and Spain, with plans to expand further across the U.S., Canada, South America, Europe, Africa, and other parts of the world.
FinSMEs
08/07/2024