Distributor United Natural Foods (UNFI) has acquired Nor-Cal Produce, a family owned and operated distributor of conventional and organic produce and other fresh products in California, for $68.6 million.
Distributor United Natural Foods (UNFI) has acquired Nor-Cal Produce for $68.6 million, subject to certain customary post-closing adjustments.Founded in 1972, Nor-Cal is a family owned and operated distributor of conventional and organic produce and other fresh products in Northern California, with primary operations located in West Sacramento, CA. Annual net sales for Nor-Cal for the twelve months ended February 29, 2016 were approximately $151 million. UNFI said that the acquisition further highlights its continued drive into fresh and, when combined with the company’s existing produce operations, gives it a national presence in produce. “We are excited to expand the breadth of our fresh perimeter product assortment and distribution network with the acquisition of Nor-Cal,” said Steven Spinner, UNFI’s President and Chief Executive Officer. “This acquisition further illustrates UNFI’s growth into fresh and we look forward to working with Todd Achondo, President of Nor-Cal, who will remain at the company in a leadership role, and their entire team.”“The entire Nor-Cal team is excited to be a part of UNFI. We look forward to working together to grow the combined company and better serve our customers nationwide,” said Achondo.