Fresh Direct Produce, a portfolio company of private equity firm HKW, has acquired Emperor Specialty Foods.

Financial terms of the deal were not disclosed.

Headquartered in Richmond, British Columbia, Canada, Emperor has been engaged in the distribution of mushrooms, pears and speciality fruits and vegetables.

With management teams present in the US and Canada, HKW focuses on small to mid-size companies in health and wellness sector.

HKW partner and chairman of the board for Fresh Direct Produce Kent Robinson said: “The addition of Emperor’s products and customers, as well as a new location, will allow for smart, strategic growth opportunities.

“This is an important step forward for Fresh Direct Produce and we are excited for both teams. The acquisition is also strategically aligned within the health and wellness sector, a key area of focus for HKW.”

The company expects this deal to provide ‘meaningful growth opportunities.’

Fresh Direct Produce co-founder president and CEO Davis Yung said: “With a talented management team and range of complementary products, we are confident Emperor will prove an important addition to Fresh Direct Produce, and play a critical role in our value-driven growth plan.”

Fresh Direct Produce operates three distribution centres, out of which two are located in Vancouver and one in Calgary.

Considered to be one of Western Canada’s most prominent fresh produce importers, wholesalers and marketers, the company sources and imports more than 1,000 varieties of conventional and organic fruit and vegetable items from 35 countries.

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