Kroger Acquires Meal Kit Service Home Chef for $200 Million
Last week, The Kroger Co. (NYSE: KR) announced a merger with Home Chef for $200 million, plus future earnings payments of up to $500 million over five years if certain milestones are met. Founded in 2013, Home Chef delivered more than 10 million meals last year, and last year the company reported growth of 150 percent with $250 million in revenue and two profitable quarters.
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