Total Produce takes 50% stake in Gambles

Fresh food company Total Produce has made its fourth North American investment, acquiring a 50 per cent shareholding in the Gambles Group, a fresh produce company based in Toronto Canada.

Gambles, which was founded in 1989 and employs over 280 staff, offers a wide range of fresh, local and imported produce that is delivered daily throughout Ontario to the retail, wholesale & food-services sectors. In 2014 it reported sales of CAD$170m (€118m) .

Carl McCann, chairman of Total Produce said that the transaction “further broadens our North American operations”.

Jeff Hughes (president) and Rob Giles (vice president) together with Rick Ashford (vice president) and Richard Rose (vice president) will remain as shareholders of the business and will continue to be key members of the executive management team.