Piling on acquisition after acquisition, GrubMarket is continuing its expansion streak across the West Coast. Most recently, the wholesaler announced it acquired Hung San Foods, a former independent, family-owned food supplier located in the Seattle, Washington, area.
"Hung San Foods is an incredibly reputable and long-standing food supplier in the Seattle region. We are delighted to welcome them to the GrubMarket family, as we have some exciting plans in the works," said Mike Xu, CEO of GrubMarket. The acquisition of Hung San Foods will deepen GrubMarket's expertise and extend its geographic reach to Seattle, one of the fastest growing cities in the United States.
A press release stated that this is GrubMarket's first acquisition in the Pacific Northwest, and the company will continue bolstering and building its strategic portfolio of wholesale companies within that region.
Hung San Foods will now be able to leverage GrubMarket's robust produce supply chain network and utilize GrubMarket's innovative proprietary WholesaleWare software suite, the company's new Software-as-a-Service platform providing food industry suppliers and vendors with seamless financial management, easy-to-use online ordering and sales, precise inventory management, and engaging CRM tools.
"We are excited to join the GrubMarket family and embrace the new growth opportunities that GrubMarket's technology and network will bring. GrubMarket recognizes the customer-centric values of Hung San Foods and shares the same spirit of service as our team. Together, we will offer a wider selection of products and better service to more customers," said Hung Tan, CEO of Hung San Foods.
Through his leadership, Hung San Foods has earned a reputation for its ability to source any food, however rare and unique, that customers seek. During the last 20 years as CEO, Hung has instilled a keen sense of customer centricity in the company's culture. Hung San Foods will remain headquartered in the Seattle area, and the company will continue to be managed by its current leadership team.
Where exactly will GrubMarket strike next? Deli Market News will keep you posted.