Jun 20, 2017

Nestlé USA acquires minority interest in Freshly

Freshy products

Nestlé USA today announced that it has acquired a minority interest in Freshly, a leading provider of Direct-to-Consumer (DTC) freshly prepared meals.

As the lead investor in the round of new funding announced by Freshly earlier today, Nestlé is entering an online prepared meals market that is already USD 10 billion in size in the United States.

As part of the agreement, Nestlé USA's Food Division President Jeff Hamilton joins Freshly’s board of directors. The investment by Nestlé will help to fund Freshly’s construction of a new East Coast kitchen and distribution center in 2018, as it prepares to expand to nationwide service.

For more read the full press release on the Nestlé USA website