Hellofresh buys ready meal producer in the USA

Factor is a US-American supplier of ready-made, fresh meals

24-Nov-2020 - Germany

The cooking box mail order company Hellofresh is strengthening its presence in the United States. For up to 277 million US dollars in cash, subject to the usual purchase price adjustment mechanisms, the US company Factor75 is to be bought, as Hellofresh announced in Berlin on Monday. A contract to this effect had been concluded. Factor is a US-American supplier of ready-made, fresh meals. Factor expects a turnover of approximately 100 million US dollars for the business year 2020 (dpa).

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Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.

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Topic world AI for food and beverages