GrubMarket Expanding to St. Louis
Food tech and e-commerce startup GrubMarket has completed its most recent acquisition by Vaccaro & Sons, a provider of produce and dairy products to local grocery stores, caterers, country clubs, restaurants, schools and elderly care facilities in St. Louis. The acquisition marks the expansion of Grubmarket into another market.
Vaccaro & Sons was founded in 1982 and is the second largest product provider in the St. Louis area. During the pandemic, the company grew significantly, providing vital food delivery services to businesses and communities in the area. Last January, Adolph & Ceresia Produce Co. was acquired to accelerate market expansion. After the acquisition by GrubMarket, the company will continue to be led by its current executive team, Dale Vaccaro, Dean Vaccaro and Rick Massey.
“We are excited to join the GrubMarket network and welcome the new growth opportunities offered by GrubMarket’s technology and platform,” said Dale Vaccaro, CEO of Vaccaro & Sons. “We constantly strive for the best customer service and strive to meet the diverse needs of all our customers. We’re excited that GrubMarket has the same mission of supporting growers and serving customers to the highest standards. We sincerely look forward to joining the GrubMarket team and taking Vaccaro & Sons to the next level of success. “
“Vaccaro & Sons is known in the St. Louis area for its commitment to quality and exceptional service,” said Mike Xu, CEO of GrubMarket in San Francisco. “The team is a true partner with added value who offers customers and producers creative solutions. This acquisition enables GrubMarket to further expand the corridor of the Midwest’s vital food supply chain. We are motivated to use our network and software technology to support the Midwestern food supply chain ecosystem and explore new ways to create opportunities for the heartland. We are excited to welcome the Vaccaro & Sons team to the GrubMarket family to further strengthen our position across the country. Together we will build a larger customer base and producer network in the food ecosystem across the country. “
In addition, Vaccaro & Sons can leverage GrubMarket’s proprietary WholesaleWare software suite, a software-as-a-service platform that provides food industry suppliers and suppliers with seamless financial management, easy-to-use online orders and sales, and precise inventory management and appealing CRM tools.
GrubMarket currently operates in California, Washington state, Texas, Michigan, New York, Missouri, and Massachusetts, and plans to expand into other parts of the country. Earlier this year, the company announced that it had raised $ 90 million in new funding in 2020 to advance a growth strategy that Xu believes will one day lead to $ 100 billion in annual sales could.