Sysco Acquires Hawaii-Based Armstrong Produce and Kula Produce
HOUSTON, TX - The Sysco Corporation is always looking at new ways to switch up its offerings. Earlier this year, the company accomplished this by acquiring two meat distributors based in California. Yesterday, however, Sysco announced that it has now acquired two Hawaii-based fresh produce providers: Armstrong Produce and Kula Produce. The two companies combined have approximately $155 million in annual revenue. Part of Sysco’s specialty produce company, the acquired entities will operate under the FreshPoint banner.
“Armstrong Produce and Kula Produce have been providing quality service and produce to Hawaii and the Pacific Region since 1979, and we are excited to welcome them to the Sysco family of companies and to FreshPoint,” said Greg Bertrand, Sysco’s Executive Vice President, U.S. Foodservice Operations. “A key pillar of FreshPoint’s strategy for continued growth and value creation is the continuous assessment of new market opportunities. Acquiring Armstrong Produce and Kula Produce provides Sysco and FreshPoint with additional direct access to the Hawaiian Islands and increased capacity to expand our produce assortment in the local market.”
Armstrong Produce was founded in 1979 and has grown from a small family-run wholesale business into one of Hawaii’s leading produce wholesalers and distributors, according to a press release. With operations in Honolulu, Kona, and Kahului, the company supplies a wide range of customers with fresh produce daily, from local chefs to retailers. Armstrong Produce and Kula Produce are sister companies. FreshPoint expects to retain the executive leadership team of Armstrong Produce and Kula Produce, as well as all current associates.
“By leveraging the combined skills of FreshPoint, Armstrong Produce and Kula Produce, we are better positioned to serve our customers,” continued Bertrand. “This partnership provides an opportunity to broaden our vision to be our customers’ most valued and trusted business partner.”
Congratulations to Sysco on another successful acquisition! To see how the fresh sector continues to evolve, keep reading AndNowUKnow.
