GrubMarket is once again extending its reach through yet another tactical acquisition. Strategically bolstering its footprint in the California foodservice landscape, the wholesaler has acquired Daylight Foods, a company that provides dairy, specialty, and more items to a vast range of customers.
"Daylight Foods' reputation in California's farmer-direct food supply chain ecosystem is unmatched,” Mike Xu, Chief Executive Officer of GrubMarket, commented. “It has been incredible to see how the business has grown with over 50 years of hard work and passion. Chris and the outstanding team at Daylight Foods have scaled the company to hundreds of millions in sales with high gross margins and profitability. In addition, they are mission-driven with strong ESG practices around food waste and carbon footprint reduction, which aligns with our sustainability goals. This acquisition enables GrubMarket to further strengthen our customer base across the San Francisco Bay Area and Northern California. We are excited to welcome the Daylight Foods team to the GrubMarket family."
Daylight Foods serves a number of customers, including restaurants, grocery and retail chains, corporate offices and cafeterias, hotels, and universities.
With this acquisition, Daylight Foods will now utilize GrubMarket's innovative and proprietary WholesaleWare software suite, which 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. After the acquisition, the business will continue to be managed by its current experienced and mission-driven leadership team.
"We are excited to join the GrubMarket team and welcome the opportunities brought forth by joining GrubMarket. With GrubMarket's robust technology platform and strong e-commerce supply and demand network, we will continue to be Northern California's premier food service provider. We are thrilled to learn that GrubMarket shares our long-term goals and has built out such a well-integrated and much-needed e-commerce and technology-enabled platform to bring fresh food to so many people across the country. We sincerely look forward to joining the GrubMarket team and bringing more premium and farmer-direct fresh food to our customers," said Chris Vlahopouliotis, Chief Executive Officer of Daylight Foods.
Daylight Foods boasts of a warehouse over 100,000 square feet in size that includes processing rooms, state-of-the-art coolers, repacking areas, and loading docks.
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