Islands West, a family-owned wholesaler of produce, processed fruits, dried spices, and fresh-cut vegetables based in Canada, has been acquired by US private-equity firm HKW for an undisclosed sum.
Indianapolis-based HKW did the deal through its portfolio company Fresh Direct Produce, which is also a Canada-based fruit and vegetables supplier.
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Founded in 1995 and headquartered in Victoria, British Columbia, Islands West is a distributor of more than 1,000 domestic and imported organic fruit and vegetable items.
Davis Yung, president, CEO, and co-founder of Fresh Direct Produce, said: “This acquisition meets several key objectives for Fresh Direct Produce, offering our customers a range of complementary new products, a wider and more efficient distribution network, and a state-of-the-art processing facility, adding capacity and improving operations.
“With a strong leadership team already in place, Islands West immediately provides the fresh-cut capabilities our customers want, while at the same time expanding our overall product offering and geographic reach.”
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Fresh Direct Produce is one of western Canada’s largest fresh produce importers, wholesalers, and marketers with three distribution centres, two in Vancouver and one in Calgary.
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