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GrubMarket Acquires Quality Fruit & Vegetable Co.; Mike Xu and Nick Delgado Comment

GrubMarket Acquires Quality Fruit & Vegetable Co.; Mike Xu and Nick Delgado Comment

SAN FRANCISCO, CA - Another day, another deal. That is the motto for GrubMarket as it continues its impressive streak of acquisitions, primarily in the fresh produce space. Most recently, the wholesaler announced its acquisition of Quality Fruit & Vegetable Co. (QF&V), a produce supplier based in Albuquerque, New Mexico, and El Paso, Texas.

Mike Xu, Chief Executive Officer, GrubMarket“QF&V is one of the largest retail and foodservice distributors in the Southwest United States,” explained Mike Xu, Chief Executive Officer of GrubMarket. “Nick [Delgado] and the remarkable team at QF&V have built an exceptional company that has a well-rounded and diversified customer base and has achieved year-over-year growth in revenue and profits. In addition, they have maintained their reputation as a leader in food safety practices, earning several industry certifications and recognitions. This acquisition enables GrubMarket to further strengthen its presence in Texas and officially enter New Mexico, which is a key distribution region for food in the Southwest corridor of the U.S. We are beyond thrilled to welcome the QF&V team to the GrubMarket family.”

QF&V sells tens of millions of dollars of produce to hundreds of retail and foodservice customers across the U.S. and Mexico each year, according to a press release, building on its strong reputation as a leader in traceability and food safety practices. The company, which was founded over 35 years ago, has evolved into a full-service food distribution and wholesale business with warehouse operations covering nearly 70,000 square feet. Most known for its bananas, lettuce, and tomatoes, the supplier has a vast product catalog that includes both specialty and seasonal products.

GrubMarket recently completed its acquisition of Quality Fruit & Vegetable Co.

Following this deal, QF&V will continue to be managed by its current leadership team.

“My passion for fresh produce goes all the way back to my early years unloading trucks and sweeping floors. QF&V’s core mission is to serve our customers by providing safe, high-quality fresh fruits and vegetables at the most competitive prices available,” said Nick Delgado, Owner and President of QF&V. “We are thrilled to join the GrubMarket team, who shares our goals and embodies the hard work ethic required to build a successful food business. We are also excited about GrubMarket’s robust technology platform and strong e-commerce network, which will allow us to tap into a best-in-class grower network across North and South America and become an even more reputable and reliable fresh food distributor for our customers across the U.S. and Mexico. We sincerely look forward to joining the GrubMarket team and to bringing more high-quality fresh fruits and vegetables to GrubMarket’s end customers.”

Stay up to date on all the latest deals and developments as ANUK reports.