Pacific Trellis Fruit , a fresh produce grower and distributor in Los Angeles, has attracted “strategic” interest from Arable Capital Partners, an investment firm in California.
Arable Capital did not disclose further details of its investment in Pacific Trellis Fruit, which acquired Dulcinea Farms in 2014 to add to a portfolio now encompassing melons, grapes, citrus and stone fruits and cherries. Its brands include the namesake product line, along with Dulcinea, PureHeart and SunnyGold.
“Being one of North America’s top year-round importers, growers and marketers of premium fresh fruit made Pacific Trellis Fruit an attractive company for us to partner with,” Derek Yurosek, managing director of Arable Capital, said. “Pacific Trellis Fruit is poised to do big things, and we plan on leveraging our tenure and experience in the industry to help them deliver.”
Pacific Trellis Fruit, founded in 1999, will promote Josh Leichter to chief executive to establish the company’s “short- and long-term growth strategy and execution”. He was most recently general manager of the business, which is headquartered in Los Angles with sales offices in Fresno, California, Gloucester City in New Jersey and Nogales, Arizona.
The company sources fruit locally in the US and also from South American countries such as Brazil and Chile. It products are sold into retailers including Whole Foods Market, Kroger and Costco.
David Sullivan, a co-founder and “active owner” in Pacific Trellis Fruit, said: “It’s an exciting time at Pacific Trellis Fruit as we welcome Arable as our new partner. Not only do they bring a wealth of experience, but they will also help open the door to new possibilities in the future.”