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Data Center News > Blog > Investments > GrubMarket Acquires Brothers Produce – FinSMEs
Investments

GrubMarket Acquires Brothers Produce – FinSMEs

Last updated: July 8, 2024 10:34 pm
Published July 8, 2024
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GrubMarket, a San Francisco, CA-based firm specializing in technologically superior B2B meals eCommerce and enterprise synthetic intelligence options for the meals provide chain business, acquired Brothers Produce, a Houston, TX-based foodservice distributor in Texas and the broader Southwestern U.S.

The quantity of the deal was not disclosed.

With the acquisition, GrubMarket will consolidate and increase its presence throughout Texas and the Southwestern U.S.

Based as a small household enterprise within the Eighties by contemporary produce veteran Martin Erenwert, Brothers Produce is now a full-service meals distribution and wholesale enterprise with warehouse services in Houston, Dallas/Fort Price, and San Antonio, totaling over 250,000 sq. toes in house and that includes monitored, temperature-controlled chilly storage, freezer storage, and dry storage. Brothers Produce additionally advantages from its logistics capabilities, which embrace an fleet of over 200 automobiles spanning refrigerated vans, vans, and trailers designed to protect product freshness throughout transit.

After the acquisition, the enterprise will proceed to be managed by its present skilled, mission-driven, and service-oriented management staff led by Martin and his son, Brent Erenwert, who runs the Houston division.

Led by CEO Mike Xu, GrubMarket is an AI-powered know-how enabler and digital transformer of the American meals provide chain business. The corporate operates in all 50 U.S. States and has a worldwide presence in Argentina, Canada, Chile, Colombia, Egypt, India, Mexico, South Africa, and Spain, with plans to increase additional throughout the U.S., Canada, South America, Europe, Africa, and different components of the world.

FinSMEs

08/07/2024

See also  Hale Capital Partners Acquires Majority Stake in Athenium

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TAGGED: acquires, Brothers, FinSMEs, GrubMarket, produce
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