Lipman Acquires The Produce Exchange
IMMOKALEE, FL - Lipman is expanding its footprint with its latest acquisition of grower and distributor The Produce Exchange (TPE). With operations in Washington, California, and Arizona, TPE joins Lipman’s national network of farming, packing, processing, and repacking, according to a press release. Financial terms of the acquisition were not disclosed.
“We are thrilled to welcome The Produce Exchange team to Lipman,” said Kent Shoemaker, Lipman CEO. “We are confident that their close-to-the-customer services, in addition to their West Coast supply in tomatoes and vegetables, will enhance Lipman’s ability to create more success with our customers.”
TPE brings unique varieties of fresh produce that will now be offered to Lipman customers year-round with four locations along the West Coast. Sam Jones, TPE’s President, will maintain his leadership role.
“Joining the Lipman family of companies is exciting for all of us at The Produce Exchange,” said Jones. “We look forward to using Lipman’s national farming and repacking network to give our customers access to the acre.”
Shoemaker concluded, “Lipman and The Produce Exchange have a lot in common and it is summed up best by TPE’s mission statement: The relentless creation of extraordinary successes together with our partners. Strategically, our values are in alignment, our facilities and farms complement one another, and our seasoned people together bring experience that will give our customers what they need to be successful.”
Congrats on the successful acquisition, Lipman!