{"id":32644,"date":"2017-06-20T05:56:44","date_gmt":"2017-06-20T05:56:44","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=32644"},"modified":"2017-06-20T05:56:44","modified_gmt":"2017-06-20T05:56:44","slug":"nestle-buys-minority-stake-u-s-ready-meals-group-freshly","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/nestle-buys-minority-stake-u-s-ready-meals-group-freshly.html","title":{"rendered":"Nestle buys minority stake in U.S. ready meals group Freshly"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"color: #000000;font-family: Arial, Helvetica, sans-serif\">Nestle buys minority stake in U.S. ready meals group Freshly<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;color: #000000;font-family: Arial, Helvetica, sans-serif\">Nestle (NESN.S) said on Tuesday it has acquired a minority stake in U.S. group Freshly, a provider of direct-to-consumer freshly prepared meals, its latest step to improve the health profile of its sprawling portfolio.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;color: #000000;font-family: Arial, Helvetica, sans-serif\">The Swiss food giant 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.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;color: #000000;font-family: Arial, Helvetica, sans-serif\">The investment will help Freshly build a new East Coast kitchen and distribution center in 2018 as it prepares to expand its U.S. service nationwide.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;color: #000000;font-family: Arial, Helvetica, sans-serif\">Nestle USA&#8217;s Food Division President Jeff Hamilton would join Freshly&#8217;s board of directors.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;color: #000000;font-family: Arial, Helvetica, sans-serif\">Nestle said last week it may sell its roughly $900 million-a-year U.S. confectionery business, which includes Butterfinger and BabyRuth.<\/span><\/p>\n<p><span style=\"font-size: 8pt;font-family: Arial, Helvetica, sans-serif\">Source:-\u00a0http:\/\/www.reuters.com\/article\/us-nestle-m-a-freshly-idUSKBN19B0CW<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/business\/nestle-buys-minority-stake-u-s-ready-meals-group-freshly.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Nestle buys minority stake in U.S. ready meals group Freshly Nestle (NESN.S) said on Tuesday it has acquired a minority stake in U.S. group Freshly, a provider of direct-to-consumer freshly prepared meals, its latest step to improve the health profile of its sprawling portfolio. The Swiss food giant said it [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":32645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[11593,20175,10877,20174,3299],"class_list":["post-32644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-breaking-news-online","tag-jeff-hamilton","tag-latest-news-usa","tag-nestle-buys-minority-stake-in-u-s-ready-meals-group-freshly","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/32644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=32644"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/32644\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/32645"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=32644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=32644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=32644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}