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Canada´s Fresh Direct Produce Acquires Emperor Specialty Foods
Friday 19 July 2019

19 July 2019 - US-based middle-market private equity firm HKW portfolio company, Canadian produce importer, wholesaler and marketer Fresh Direct Produce, Ltd. has acquired Canadian fruit and vegetable distributor Emperor Specialty Foods, the firm said.
Financial terms of the transaction were not disclosed.
Founded in 1986, Emperor is a distributor of mushrooms, pears, and other specialty fruits and vegetables. This add-on provides meaningful growth opportunities for Fresh Direct Produce, which distributes more than 1,000 domestic, imported, and organic fruit and vegetable items.
Emperor is headquartered in Richmond, BC, Canada.
Fresh Direct Produce is one of Western Canada's premier fresh produce importers, wholesalers, and marketers with three distribution centres, two in Vancouver and one in Calgary.
Sourcing and importing over 1,000 conventional and organic fruit and vegetable items from 35 countries, Fresh Direct Produce's commitment to growth and development allows them to attract and align with the best growers, customers, and talents in the industry.
Fresh Direct Produce has been named one of Canada's Best Managed Companies for eight consecutive years.
HKW is a private equity firm investing in growth-oriented companies with talented management teams in the US and Canada. HKW targets small to mid-size companies in the Business Services and Health and Wellness sectors.
Since 1982, HKW has sponsored 60 platform transactions of lower middle-market companies throughout North America, as well as 65 add-on acquisitions.
Date Published: 19/07/2019
Target: Emperor Specialty Foods
Country: Canada
Sector: Food/Beverages/Tobacco
Type: LBO
Status: Closed
Buyer: Fresh Direct Produce
Terms of the deal were not disclosed