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Jun, 22 2017

Nestle buys minority stake in Freshly

The investment will help Freshly build a new East Coast kitchen and distribution centre in 2018 as it prepares to expand its U.S. service nationwide

Swiss food group, Nestle has acquired a minority stake in US-based ready meals startup Freshly, its latest step to improve the health profile of its sprawling portfolio.

Nestle said it was lead investor in a round of new funding for Freshly, helping it gain access to the $10 billion market for prepared meals in the United States. It did not disclose financial terms.

The investment will help Freshly build a new East Coast kitchen and distribution centre in 2018 as it prepares to expand its U.S. service nationwide.

Nestle USA's Food Division President Jeff Hamilton would join Freshly's board of directors. 

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