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Nestle Buys At-Home Meal Provider Freshly in $950 Million Deal

Freshly meals

Freshly meals

Source: Freshly Inc.

Nestle SA’s U.S. division purchased Freshly in a deal that values the meal-subscription company at $950 million.

The transaction, which closed Friday, includes potential earnouts of as much as $550 million if the business reaches certain growth targets, according to a statement.