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Nestlé, Inspire Brands Make Acquisitions

Nestlé has acquired Freshly, a leading fresh-prepared meal delivery service in the U.S. This move brings together Nestlé's deep understanding of what and how people eat at home, and world class research and development capabilities with Freshly's highly specialized consumer analytics platform and distribution network to fuel growth opportunities within the Freshly business and across Nestlé's portfolio.

"We are excited to welcome Freshly to the Nestlé family," said Nestlé USA chairman and CEO, Steve Presley, in a statement. "Consumers are embracing ecommerce and eating at home like never before. It's an evolution brought on by the pandemic but taking hold for the long term. Freshly is an innovative, fast-growing, food-tech startup, and adding them to the portfolio accelerates our ability to capitalize on the new realities in the U.S. food market and further positions Nestlé to win in the future."

Inspire Brands, Inc. will acquire Dunkin’ Brands Group, Inc., parent company of Dunkin’ and Baskin-Robbins, in a transaction valued at approximately $11.3 billion.

“Dunkin’ and Baskin-Robbins are category leaders with more than 70 years of rich heritage, and together they are two of the most iconic restaurant brands in the world,” said Paul Brown, co-founder and CEO of Inspire Brands. “By joining Inspire, these brands will add complementary guest experiences and occasions to our current portfolio. Further, they will strengthen Inspire through their scaled international platform and robust consumer packaged goods licensing infrastructure, as well as add more than 15 million loyalty members. We are excited to welcome Dunkin’ and Baskin-Robbins’ employees, franchisees, and suppliers to the Inspire family.”

Related: B&G Foods Acquires Crisco BrandGrubMarket Acquires Best Fresh Produce.



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Nestlé, Inspire Brands Make Acquisitions Nestlé, Inspire Brands Make Acquisitions Reviewed by Unknown on November 02, 2020 Rating: 5

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