HelloFresh Agrees To Acquire Factor75

By RTTNews Staff Writer ✉ | Published: 11/23/2020 3:32 AM ET

HelloFresh SE announced that its U.S. subsidiaries entered into an agreement to acquire all outstanding equity interests of Factor75, Inc. and including subsidiaries, Factor, for total purchase price for acquisition up to $277 million in cash.

HelloFresh noted that $177 million is payable upon the closing of the transaction and an aggregate amount of up to $100 million is structured as performance-based earn-out and ongoing management incentive. Factor is targeting revenue of approx. $100 million in 2020.

The company currently expects to close the acquisition of Factor, a U.S. based provider of fully-prepared, healthy and fresh meals, to occur within the next few months.

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