# Nestlé acquires Freshly for $950M

Nestlé acquired Freshly, a fresh-prepared meal delivery service, for $950 million with potential earnouts up to $550 million. The transaction was signed and closed on Oct. 30.

- Type: Acquisition
- Announced: 2020-10-30
- Where: United States
- Value: $950.0M
- Status: completed
- Products: fresh-prepared meal delivery
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Nestlé](https://endata.com/companies/3484.md) (acquirer)
- [Freshly](https://endata.com/companies/50873.md) (target)

## Sources

- [foodengineeringmag.com](https://www.foodengineeringmag.com/articles/99279-people-and-industry-news-january-2021), 2020-12-30: "NESTLÉ acquired FRESHLY, one of the leading fresh-prepared meal delivery services in the U.S. The deal values Freshly at $950 million, with potential earnouts up to $550 million contingent to the successful growth of the business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.