Total Produce in €15m US takeover

Irish fruit distribution company Total Produce is eyeing further North American acquisitions on the back of purchasing one of the continent’s main produce exporters for an estimated €10m to €15m.

The acquisition of Lafayette, California-based The Fresh Connection is Total Produce’s seventh North American investment, with combined revenues from those interests amounting to $1.2bn (€1.03bn). The Fresh Connection generated sales of around $165m last year.

“This transaction further broadens our US presence and provides us with strategic access to other key markets,” Total Produce chairman Carl McCann said.