M&A Deal Summary

Nestlé Acquires Freshly

On October 30, 2020, Nestlé acquired food company Freshly for 950M USD

Acquisition Highlights
  • This is Nestlé’s 7th transaction in the Food sector.
  • This is Nestlé’s 7th largest (disclosed) transaction.
  • This is Nestlé’s 12th transaction in the United States.
  • This is Nestlé’s 1st transaction in Arizona.

M&A Deal Summary
Date 2020-10-30
Target Freshly
Sector Food
Buyer(s) Nestlé
Deal Type Add-on Acquisition
Deal Value 950M USD

Target

Freshly

Tempe, Arizona, United States
Freshly, Inc. delivers a menu of fresh, chef-cooked meals to customers across the country, breaking down the barriers to healthy eating by delivering nutrition and convenience at scale. Freshly, Inc. was founded in 2015 ad is based in Tempe, Arizona.

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Buyer(S) 1

Buyer

Nestlé

Vevey, Switzerland
Category Company
Founded 1866
Sector Food
Employees270,000
Revenue 93.4B CHF (2023)
DESCRIPTION

Nestlé is a large food, beverage, and consumer products company. The Company has more than 2000 brands amongst its portfolio and operates globally. Nestlé was originally established in 1866 and is based in Vevey, Switzerland.

DEAL STATS #
Overall 16 of 21
Sector (Food) 7 of 9
Type (Add-on Acquisition) 12 of 15
State (Arizona) 1 of 1
Country (United States) 12 of 14
Year (2020) 2 of 2
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 Zenpep

Parsippany, New Jersey, United States

ZENPEP is a prescription medicine for people who cannot digest food normally because their pancreas does not make enough enzymes. ZENPEP helps bodies use fats, proteins, and sugars from food. ZENPEP contains a mixture of digestive enzymes (lipases, proteases, and amylases) from pig pancreas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-25 Nestlé S.A. - Yinlu Peanut Milk and Canned Rice Porridge Business

Vevey, Switzerland

Nestlé S.A.'s Yinlu Peanut Milk and Canned Rice Porridge Business include its five factories in Fujian, Anhui, Hubei, Shandong and Sichuan.

Sell -
Mergr

Product

Company

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