C.H. Robinson Worldwide acquires Rosemont Farms and Quality Logistics
by | September 15, 2009
Minneapolis-based C.H. Robinson Worldwide Inc., a leading produce- sourcing and non-asset based third-party logistics company, announced Sept. 15 that it has acquired Rosemont Farms Corp. Inc., a prominent produce-marketing company, and Quality Logistics LLC, a non-asset based logistics sister company that focuses on produce transportation. Terms of the acquisition were not disclosed.
Rosemont Farms offers produce and logistics solutions to retail and foodservice customers. Rosemont's expertise and well-established grower relationships will further augment C.H. Robinson's existing regional grower programs and its focus on providing sustainable solutions that are close to the market, grower based and supply chain efficient. Quality Logistics primarily focuses on refrigerated and less-than-truckload transportation. Rosemont and Quality Logistics are both headquartered in Boca Raton, FL, and combined have approximately 100 employees. Both companies were established in 1999 by Andrew Schwartz, Frank Segui and Don Brodie, and Messrs. Schwartz and Segui will continue with the company in similar management roles.
"The Rosemont and Quality Logistics acquisition continues C.H. Robinson's long track record of adapting to the needs of the marketplace by developing new approaches to the produce supply chain," Jim Lemke, senior vice president of sourcing for C.H. Robinson, said in a Sept. 15 press release. "We continue to evolve and innovate our grower programs. Both companies' experienced teams will be a driving force as we cultivate stronger and more active grower marketing programs. Their industry knowledge, commitment to service, and relationships are a great complement to the Robinson team."
In 2005, C.H. Robinson acquired FoodSource Inc., a California-based produce sourcing and marketing organization. FoodSource's regional programs and grower relationships have played an integral role in expanding C.H. Robinson's organic regional programs. The Rosemont acquisition, combined with FoodSource, will continue to support C.H. Robinson's supply-based sourcing strategies and ability to provide state-of-the-art solutions to meet consumers' needs.
"We are proud and excited to combine our produce and supply chain expertise with C.H. Robinson," Mr. Schwartz said in the press release. "We have worked with Robinson for many years and look forward to bundling our collective resources and capabilities. Together, we will be able to offer the high quality produce and service that has built both companies to their current levels."
C.H. Robinson got its start in the produce industry over 100 years ago, providing fresh fruits and vegetables to the settlers of the Dakotas and Minnesota. Today, it is a Fortune 500 company and one of the larger produce-sourcing and non-asset based third-party logistics companies in the world, with annual gross revenues of approximately $8.6 billion in 2008.