Arable Capital Partners, Bellevue, Wash., acquired Fresh Innovations California, an Oxnard, Calif.-based processor of fresh sliced apples and other packaged fruits.
Fresh Innovations offers health-driven, conveniently packaged fresh fruits and vegetable products in both organic and conventional options for warehouse club, casual dining, entertainment, education and healthcare segments, amongst others.
Arable is partnering with the company’s existing management team to expand operations.
“We were attracted to Arable because of its commitment to innovation and growth,” says Toby Cohen, founder and president of Fresh Innovations. “We realized early in the process that Arable is a great fit with the Fresh Innovations’ people-centered culture.”
“We like the Fresh Innovations’ approach to healthy, convenient, fresh snacks, and are excited to partner with Toby Cohen, Gary Madson, Todd Nelson and the rest of the team to support their growth plans,” says Greg Richards, managing director of Arable Capital Partners. “Fresh aligns well with the Arable investment thesis in midstream agribusiness. As one of our first investments, this is a great partnership that will allow Fresh Innovations and Arable to capitalize on a successful existing business positioned for expansion.”