GrubMarket Acquires New York-Based Leo's Apples
SAN FRANCISCO, CA - Since its inception, GrubMarket has strategically tried to remain on the cutting edge of the food market and has used its innovative technology to drive expansion. The wholesaler is taking it’s growth one step further as it has announced that it has completed the acquisition of Leo’s Apples, a New York-based supplier of fresh fruits. With this acquisition in hand, GrubMarket has continued to advance its presence in the New York region.
"Leo's Apples is a well-respected wholesome fruit provider in the New York region. They work directly with a wide spectrum of farmers in and around the region and provide high quality products and services to their customers. We are proud to welcome them to the GrubMarket family. Together, we will build a wider customer base and a stronger supplier network in the food ecosystems of the Northeast," said Mike Xu, CEO of GrubMarket.
This is GrubMarket’s first acquisition in New York, according to a press release. The addition of Leo’s Apples will be the basis for a strong entrance into the market and will help lead to a strategic presence in the region.
Leo’s Apples was founded in 1991 by Leo Rotstein and directly partners with growers across the Mid-Atlantic and New England, as well as some on the West Coast, to provide high-quality fruit.
"We are delighted to join the GrubMarket family and welcome the new growth opportunities that GrubMarket's technology and network will bring. Delivering the freshest and finest produce has been our mission since day one, GrubMarket shares our same value and spirit, and we are excited to be a part of GrubMarket," said Rotstein, CEO of Leo's Apples.
How will GrubMarket continue to expand its presence in not only New York, but other regions across the country? Keep a tab open for AndNowUKnow as we bring you the answers.