San Francisco, California-based GrubMarket has completed the acquisition of Terra Exports, a Las Vegas, Nevada-based company that distributes fresh produce while also handling a diverse commodity produce portfolio.
Founded in 2012 by Nils Goldschmidt, Terra Exports is a global fresh produce company that imports and exports fresh fruits and vegetables across 65 countries with employees physically located in 13 of them.
In addition, Terra has been featured four times on the INC 5000’s list of fastest growing U.S. private companies, coming in at 1,086 in 2021. Its growth over the years has been attributed to its diverse team, which is made up of people from multiple backgrounds.
While Terra handles more than 50 different products, the company is particularly strong in avocados, cherries, apples, grapes and berries. After the acquisition, the business will continue to be managed by its current team.
“We are excited to join the GrubMarket team and welcome the opportunities brought forth by GrubMarket’s robust technology platform and strong e-commerce supply and demand network. We want to continue being one of the most high-quality and reliable fresh food distributors for our global customers and are thrilled that GrubMarket shares this goal,” said Goldschmidt, CEO of Terra Exports.
“We sincerely look forward to joining the GrubMarket team and bringing more grower-direct and premium quality goods to GrubMarket’s suppliers and end customers,” he said.
“Terra Exports has such a strong distribution network across the world and offers a catalogue of high quality specialty produce. Nils and the top-notch team at Terra have grown the company to do hundreds of millions in sales, which shows how capable the team is and how valuable the company is to their customers and partners,” said Mike Xu, CEO of GrubMarket.
“It has been great to see Terra think outside the box with their Avolicious in-house avocado brand. They’ve also been recognized by INC 5000 several times as a fast-growing company so we’re thrilled to welcome Terra Exports to the GrubMarket family and achieve rapid sustainable growth together,” he said.
Terra Exports will now be able to utilize GrubMarket’s proprietary WholesaleWare software suite, the company’s software-as-a-service platform that provides food industry wholesalers and distributors with seamless financial management, easy-to-use sales and online ordering features, precise inventory management, lot traceability and tracking, grower accounting and automated routing and logistics tools.
For more information, visit grubmarket.com.