Fresh Direct Produce Acquires Islands West Manufacturing
INDIANAPOLIS, IN - Fresh Direct Produce, a portfolio company of middle-market private equity firm HKW, has recently announced its acquisition of Islands West Manufacturing. This agreement follows Fresh Direct’s acquisition of Emperor Specialty Foods in July of this year. Financial details have yet to be disclosed.
“This acquisition meets several key objectives for Fresh Direct Produce, offering our customers a range of complementary new products, a wider and more efficient distribution network, and a state-of-the-art processing facility, adding capacity and improving operations,” commented President, CEO, and Co-Founder of Fresh Direct, Davis Yung. “ With a strong leadership team already in place, Islands West immediately provides the fresh-cut capabilities our customers want, while at the same time expanding our overall product offering and geographic reach.”
Islands West was founded in 1995 in Victoria, British Columbia, and is a family-owned wholesalers of produce, processed fruits, fresh-cut vegetables, and dried spices. The new company will bolster Fresh Direct’s operations. Fresh Direct, which has its headquarters nearby in Vancouver, British Columbia, distributes more than 1,000 domestic and imported organic fruit and vegetable items.
“We are very pleased to partner with an organization that has the talent and capabilities of Islands West. The expanded range of products, in particular, the offering of fresh-cut vegetables, allows for significant cross-selling opportunities,” said Kent Robinson, HKW Partner and Chairman of the Board for Fresh Direct, in a press release. "HKW’s emphasis on health and wellness remains a key area of focus; this add-on strengthens our commitment to that sector.”
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