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Nestlé USA acquired Freshly, a fresh-prepared meal delivery service, for USD 950 million with potential earnouts up to USD 550 million. The transaction was signed and closed on October 30, 2020.
Brynwood Partners, through its portfolio company Buitoni Food Company, has agreed to acquire the North American Buitoni business from Nestlé USA. The deal includes a 240,000 sq ft manufacturing facility in Danville, Virginia, and about 525 employees.