Bellevue, WA – Arable Capital Partners, LLC, a leader in sustainable food and agribusiness investing, announces today a strategic investment in Progressive Produce, LLC BB #:113613. Founded in 1967, Progressive Produce is one of California’s premier produce companies, specializing in potatoes, onions and asparagus.
“With strong brands and presence across multiple channels, as well as top-tier leadership, Progressive Produce is an outstanding addition to our portfolio that is positioned for continued growth and success,” said Derek Yurosek, Managing Director of Arable Capital Partners.
Marty Kamer will continue as CEO of Progressive Produce. On joining the broader Arable team, Marty commented that “with its long-term approach to investments and partnership mentality, Arable is a great fit with Progressive’s people-centered culture. It is also clear to us that the group at Arable has a deep understanding of the nuances associated with the fresh produce industry.”
Progressive Produce will continue as an independent operator while also partnering with Pacific Trellis Fruit BB #:164166 as a sister company.
Established in 1999, Pacific Trellis Fruit is one of North America’s top year-round growers, shippers, and marketers of premium fresh fruits including table grapes, melons, cherries, plums, nectarines, peaches, and citrus. Josh Leicher, CEO of Pacific Trellis Fruit, said that “the two companies will now have even greater resources to deliver on their shared commitment of delivering excellent produce to customers. I’m looking forward to what’s ahead.”
Greg Richards, Managing Director of Arable Capital Partners, echoed this excitement, saying “Arable is thrilled to welcome another company who is a produce leader across top categories with a focus on quality and best practices.”
About Progressive Produce
Progressive Produce, based in Los Angeles, California, is a grower, packer, and distributor of conventional and organic produce to the retail, wholesale and foodservice sectors in the U.S. and Canada. Founded in 1967, today the Company is one of California’s premier produce companies. For further information, please visit www.progressiveproduce.com.
About Pacific Trellis Fruit
Established in 1999, Pacific Trellis Fruit is one of North America’s top year-round growers, shippers, and marketers of premium fresh fruits like table grapes, cherries, plums, nectarines, peaches, and citrus. Dulcinea Farms joined Pacific Trellis Fruit in 2014, expanding its lineup to include its proprietary mini-seedless watermelon, full size seedless and yellow mini seedless watermelon, Tuscan Cantaloupes, and Kiss Melons. For further information, please visit www.pacifictrellisfruit.com.
About Arable Capital Partners
Arable Capital Partners is a leader in sustainable food and agribusiness investing and partners with businesses and owners across the food value chain. Arable’s current investments include Progressive Produce, Pacific Trellis Fruit, organicgirl, Royal Ridge Fruits, Blazer Wilkinson Gee, and Laurel Ag & Water. For further information, please visit www.arablecp.com.
Media and Investor Inquiries
Laura Wachter
laura@arablecp.com
