HelloFresh to acquire Youfoodz for $93m.

HelloFresh, a meal-kit company, agreed to acquire Youfoodz, an Australian ready-to-eat meal manufacturer, for $93m. "Following the successful acquisition of Factor in the US, we consider the intended acquisition of Youfoodz and the expansion of our ready-to-eat offering an important component of our growth strategy. The popularity of ready-to-eat services in Australia in a well established and growing sector offers us a good opportunity to further strengthen our position by offering further choice of meal solutions and price points to our customers," Dominik Richter, HelloFresh CEO.