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GrubMarket, a San Francisco-based food technology company, today announced it has completed the acquisition of Terra Exports, a Las Vegas, Nevada-based company that distributes fresh produce to and from over 65 countries around the world.
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 team members physically located in 13 of these. In addition, Terra has been featured 4 times on the INC 5000's list of fastest growing U.S. private companies, coming in at 1,086 in 2021. After the acquisition, the business will continue to be managed by its current strong and mission-driven leadership team.
Founded in 2014, GrubMarket is a San Francisco-based food technology company operating in the space of food supply chain eCommerce for both business customers and end consumers, as well as providing related software-as-a-service solutions to digitally transform the American and global food supply chain.
"We are excited to join the GrubMarket team and welcome the opportunities brought forth by GrubMarket's robust technology platform and strong eCommerce supply and demand network," said Nils Goldschmidt, CEO of Terra Exports.
According to Mike Xu, CEO of GrubMarket: "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. 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."
Source: GrubMarket
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