A $20 billion, three-year partnership between Farm Fresh, a leading producer of fresh foods and home-delivery services, and BNU, a farm-fresh and delivery service provider, is expected to deliver 1 million farm fresh and b2b grocery products in 2018, according to an announcement today.
The deal also includes an expected expansion of the farm fresh market and the BNUs ability to offer B2b delivery services.
BNUS is expected soon to announce a second round of funding from investors, including Kleiner Perkins, which has also been a strong supporter of the B2Bs growing market share.
The new funding will support the expansion of BNUX’s B2BA and B1B markets, which include delivery, food, and farm fresh offerings.
Farm Fresh, headquartered in Los Angeles, has about 25,000 employees and is part of the Fortune 100.
B2BU, headquartered near Cincinnati, is part-owned by a group of investors including Kleins group, General Electric, and other major players.
The deal with BNFU is expected close in the first quarter of 2019, according the announcement.
The companies said that BNUB and BU will work together on several key business areas including agriculture, technology, and business growth.