FreshEdge Acquires Testa Produce; Greg Corsaro, Steve Grinstead, and Peter Testa Comment
INDIANAPOLIS, IN - Through its latest acquisition, FreshEdge is gaining over 110 years of produce and specialty food expertise in the form of Testa Produce. Headquartered in Chicago, Illinois, Testa Produce has been serving customers in Illinois, Wisconsin, and Indiana, giving FreshEdge a leg up in the Midwest region. Terms of the deal, which closed on April 29, 2023, were not disclosed.
“We are thrilled for Testa to join FreshEdge,” said Greg Corsaro, President and Chief Operating Officer of FreshEdge. “We look forward to working together with all of the great people at Testa to continue to provide unprecedented service to all FreshEdge customers.”
With this acquisition, the company is not only upping its density in the Midwest, but also gaining additional space and logistical support to better serve its customer base. As noted in a release, Testa Produce is LEED Platinum Certified and operates out of a 91,300-square-foot, state-of-the-art facility that features the most up-to-date Green Technologies to support energy generation and water conservation.
FreshEdge operates 899,800 square feet of warehouse space across 26 facilities with a fleet of more than 920 trucks and more than 2,000 employees.
“We welcome Peter Testa and his awesome team to the FreshEdge family of companies,” said Steve Grinstead, Chief Executive Officer of FreshEdge. “Testa Produce will be a great addition to our expanding group of ‘best-in-class’ fresh food distribution companies.”
Testa Produce joins a growing family of companies that includes Piazza Produce & Specialty Foods, Indianapolis Fruit, Get Fresh Produce, City Produce, McCartney Produce, Monteverde’s, Valley Produce, Vine Line, Garden Cut, CIBUS Fresh, and Papania’s.
“Our Testa Produce team is excited to join the FreshEdge family,” said Peter Testa, President of Testa Produce. “We look forward to this new era of opportunity and growth for Testa.”
FreshEdge is backed by Wind Point Partners, a Chicago-based private equity investment firm. This deal represents FreshEdge’s first acquisition since Wind Point’s initial investment. Together, the two companies intend to continue growing FreshEdge by welcoming more fresh food distribution companies to the fold.
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