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For $ 950 million: Nestlé takes over US company Freshly

2020-10-30T19:08:54.608Z

In 2017 Nestlé had already bought a minority stake in Freshly. Now the group is completely taking over the US company, which specializes in healthy and fresh meals.



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Nestlé plant in Konolfingen (Switzerland)

Photo: Arnd Wiegmann / REUTERS

The food company Nestlé is expanding its presence in the USA.

Nestlé is now taking over the US company Freshly in its entirety, after a minority stake was bought in 2017.

The deal is worth $ 950 million, as Nestlé announced.

There are also potential earnouts of up to $ 550 million, depending on the company's growth.

Freshly, which specializes in healthy and fresh meals, was founded in 2015.

In 2017, Nestlé already participated with a share of around 16 percent.

The company supplies customers throughout the United States with meals to be reheated.

According to Nestlé, there are currently more than a million meals a week.

In 2020 as a whole, Freshly had sales of around $ 430 million.

Icon: The mirror

bah / dpa

Source: spiegel

All business articles on 2020-10-30

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