Announced
Completed
Financials
Tags
United States
Food Products
meal kit retailer
Acquisition
Domestic
Public
Majority
Friendly
Single Bidder
Tender Offer
Completed
Synopsis
Wonder Group, a food delivery startup that operates truck-based restaurants from which consumers can order food through a mobile app, completed the acquisition of Blue Apron, an ingredient-and-recipe meal kit company, from FreshRealm, an owner of a minority stake, for $103m. “By joining forces with Wonder, we continue to realize our vision of Better Living Through Better Food, and support how families and loved ones come together over food. Wonder and Blue Apron deliver high-quality, chef-curated meals, making this a great match to offer more incredible mealtime experiences. The Blue Apron brand and products that our customers know and love will stay the same, with more opportunity for product expansion in the future. Further, the transaction delivers immediate and certain value for Blue Apron stockholders at a significant premium over recent trading prices," Linda Findley, Blue Apron President and CEO.
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