Sysco Corporation announced that its specialty produce company, FreshPoint, has agreed to acquire BIX Produce, a leading produce specialty and fresh-cut distributer based in Minnesota.
Founded in 1930, BIX Produce primarily services a broad range of restaurant and other foodservice customers in Minnesota, Wisconsin, the Dakotas, Illinois and Iowa. In addition to whole produce and fresh-cut items, BIX Produce also offers a full line of chef-crafted, grab-and-go products including options across categories such as breakfast, fruit cups, veggie cups, parfaits, puddings, power snack packs, salads, wraps and sandwiches.
According to the announcement, FreshPoint plans to retain all BIX Produce colleagues, and the current management team will remain in place. The acquisition provides a strategic opportunity for FreshPoint to expand its geographic footprint in an area of the country where it does not currently have operations; strengthen specialty produce offerings to its customers, including fresh cut and grab-and-go items; and add a custom, high-quality 200,000-sq.-ft. production and warehouse facility to its operations.
“As we continue to invest in our specialty businesses, BIX Produce is an outstanding addition to our family of companies, reinforcing our Recipe for Growth strategy and helping our customers succeed through industry-leading people, products and solutions,” Greg Bertrand, Sysco’s executive vice president, US Foodservice Operations, said in the announcement.
The acquisition is subject to regulatory approval and other customary closing conditions.