GrubMarket Announces Acquisition of Mendez International; Mike Xu and Felipe Mendez Detail
SAN FRANCISCO, CA - Last month, GrubMarket announced its strategic acquisition of London Fruit. Now, the wholesaler is expanding its portfolio even further with the acquisition of Mendez International, a multi-generation family-owned wholesale distribution business.
"Mendez International has developed a sterling reputation as a leader amongst produce distributors in the Tri-State area," said Mike Xu, Chief Executive Officer of GrubMarket. "Felipe and his team have done an incredible job, significantly growing both sales and profits over the past few years. We deeply respect their business savvy grounded in strong family values, which have allowed them to build strong customer relationships and provide high-quality foods at competitive prices for over three decades at the renowned Hunts Point Produce Market. Their determination and heart reflect the same fundamental values that GrubMarket has worked hard to cultivate over the years."
Mendez International is a provider of high-quality tropical fruits, including plantains, bananas, avocados, limes, mangos, and taro sourced from its extensive network of producers. The company was founded by long-time Owner Felipe Mendez's father, who came to the United States from Cuba with a dream of building a thriving fresh produce business.
Today, the business occupies six units at the Hunts Point Produce Market in New York, a press release stated. The business will continue to be managed by its current experienced and mission-driven leadership team, who will continue providing customers with the highest quality tropical produce at affordable prices.
"When my father started this business over 35 years ago, he had a simple goal: work hard to build a food business based on trust and reliability that would last for many years. Now, after two generations of growth and cultivation, we continue to be a proud family-run business providing the freshest tropical produce to our customers. We are excited to join the GrubMarket team, who shares our passion for making fresh and healthy produce available to everyone, and we look forward to leveraging their e-commerce and software ecosystem to provide more tropical goods to GrubMarket's customers nationwide," said Felipe Mendez.
Mendez International will now utilize GrubMarket's innovative and proprietary WholesaleWare software suite, as well as Orders IO.
Click here to read the press release in full.
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