HKW buys fruit and vegetable distributor Fresh Direct Produce
U.S. private equity firm Hammond, Kennedy, Whitney & Co (HKW) has acquired Fresh Direct Produce Ltd, a Vancouver-based distributor of fresh, ethnic, tropical, organic and specialty produce. No financial terms were disclosed. Founded in 2003, Fresh Direct Produce distributes more than 1,000 fruit and vegetable items to the Western Canadian market. It operates via a fleet of 26 trucks and three distribution facilities. President and CEO Davis Yung said HKW's experience expanding businesses organically and through add-on deals makes the investor the "best equipped" to help Fresh Direct Produce realize its growth plans.
10 December 2018•3 mins read
