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Michael Wystrach

Business
Westchester-Based Nestlé Acquires Prepared-Meal Delivery Service For $950M Westchester-Based Nestlé Acquires Prepared-Meal Delivery Service For $950M
Westchester-Based Nestlé Acquires Prepared-Meal Delivery Service For $950M Westchester-based Nestlé has pledged nearly a billion dollars to expand its packaged food delivery options for customers. Nestlé announced that it has closed a deal to acquire Freshly, a meal delivery service that operates across the country, for $950 million, and could pay an additional $550 million if Freshly hits certain growth targets and benchmarks. Founded in 2015, Freshly delivers a menu of fresh, chef-cooked meals to customers that “break down the barriers to healthy eating by delivering nutrition and convenience at scale,” the company announced. Freshly currently ships more than a…

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by Zak Failla