Fresh Direct Produce acquires organic distributor Mike and Mike’s

Canadian organic fruits and vegetables distribution company Mike and Mike’s has been purchased by Fresh Direct Produce, a portfolio company of private equity firm HKW.

Financial terms of the transaction have not yet been disclosed.

Fresh Direct Produce co-founder, president and CEO Davis Yung said: “We are excited to partner with Mike and Mike’s Organics as part of our expansion into Ontario.

“Mike Fronte and Mike Dattoli will continue to lead the growth and expansion of the company, along with an experienced and passionate management team, offering our customers and vendors a wider selection of produce offerings, as well as a distribution network from coast to coast.”

Established in 2004, Canada-based Mike and Mike’s is engaged in the distribution of fresh certified organic fruits and vegetables.

The company claims that all its fresh produce are sourced from the US, certain provinces in Canada and overseas markets. In addition to fruits and vegetables, it also sells grocery and snack products.

Mike and Mike’s currently serves more than 200 customers, including national chains, independent retailers, wholesalers and foodservice companies.

HKW vice-president Tom Shaw said: “The partnership between Fresh Direct Produce and Mike and Mike’s further expands Fresh Direct Produce’s Canadian distribution footprint, but just as importantly, we believe it brings an understanding of the products and operations for a critical region.

“As the third add-on acquisition to the Fresh Direct Produce platform, HKW’s emphasis on health and wellness remains a key area of focus, and this add-on further strengthens our commitment to the sector.”