Sunrise Produce completes acquisition of Moceri Produce to Expand Local Footprint in San Diego
May 28, 2024•over 1 year ago
Acquiring Company
Sunrise Produce
Acquired Company
Moceri Produce
Description
Sunrise Produce, a leading wholesale produce distribution company based in Southern California, has announced its acquisition of Moceri Produce, a leading specialty produce distributor based in San Diego. This strategic acquisition expands Sunrise’s local footprint in San Diego to become the city’s largest produce distributor and one of the leading produce distributors in Southern California, enhancing the exceptional customer service and highest quality products each brand is known for. The terms of the transaction were not disclosed.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed