GrubMarket completes acquisition of Best Oriental Produce to strengthen its presence

Jul 31, 2024•about 1 year ago

Acquiring Company

GrubMarket

Acquired Company

Best Oriental Produce

San Francisco

VernonFarmingFood and BeverageRetailAgriculture and Farming

Description

GrubMarket, a pioneer in the B2B food eCommerce industry, has successfully acquired Best Oriental Produce, a widely respected company specializing in the production of a variety of high-quality Asian vegetables. This acquisition is a strategic move to strengthen GrubMarket's presence in the Southern California region and expand its offerings in the fresh produce industry.

Company Information

Company

GrubMarket

Location

1925 JERROLD AVE.

San Francisco, California, United States

About

Founded in 2014, GrubMarket is a San Francisco-based food technology company operating in the space of food ecommerce both to business and to consumer as well as providing related software-as-a-service solutions to solve inefficiencies in the American food supply chain. Currently, GrubMarket operates in California, Washington, Texas, Michigan, New York, New Jersey, Missouri, Massachusetts, Oregon and Arizona, with plans to expand to other parts of the country.

M&A Insights

Based on deal data

Integration 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