GrubMarket has completed the acquisition of Albuquerque, New Mexico, and El Paso, Texas-based Quality Fruit & Vegetable Co., a fresh produce company that provides fruits and vegetables to the Southwest, sourced from the U.S., Mexico, South America and other parts of the world.
QF&V is operated by its founder, Nick Delgado, a veteran in the fresh produce industry with more than 55 years of experience. QF&V is a full-service food distribution and wholesale business with warehouse operations covering 70,000 square feet, including cold storage and air ripening facilities.
After the acquisition, the business 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. 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,” Delgado said.
“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.”
As a part of GrubMarket’s portfolio, QF&V will utilize GrubMarket’s proprietary WholesaleWare software suite, the company’s software-as-a-service platform that provides food industry wholesalers and distributors with financial management, easy-to-use sales and online ordering features, precise inventory management, lot traceability, tracking, grower accounting, automated routing and logistics tools.
“QF&V is one of the largest retail and foodservice distributors in the Southwest U.S. Nick 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,” said Mike Xu, CEO of GrubMarket.
“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.”
Founded in 2014, GrubMarket is a San Francisco-based food technology company operating in the space of food supply chain e-commerce for both business customers and end consumers, as well as providing related software-as-a-service solutions to digitally transform the global food supply chain.
For more information, visit qualityfruit.net.
