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True Food Innovations Acquires Meal Kit Delivery Firm Chef'd Assets.

M2 EQUITYBITES-July 30, 2018-True Food Innovations Acquires Meal Kit Delivery Firm Chef'd Assets

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30 July 2018 - California, US-based food technology company True Food Innovations (TFI) has acquired Los Angeles, US-based meal kit delivery firm Chef'd, including plant, property, equipment brand and intangible assets, the company said.

Terms of the transaction were not disclosed.

True Food Innovations acquired all Chef'd assets, for an undisclosed amount, and plans to consolidate these assets into the existing businesses of True Food Innovations.

Chef'd recently ceased operations citing funding and expense issues.

The transaction was completed between True Food Innovations and the company's lender.

True Food Innovations provides manufacturing services, turnkey product development, HPP packaging solutions, and customer partnerships that introduce first to market, private label meal kits and retail ready HPP products both domestically and internationally.

Through its sister company True Fresh HPP, True Food Innovations develops and manufactures food products that utilise HPP (High Pressure Processing) technology, an all-natural A and FDA approved process that eliminates the use of preservatives or heat to produce fresh, clean label, all-natural refrigerated products that carry a safe and extended life (up to 10X the normal range).

True Food Innovations is a wholly-owned subsidiary of True Family Enterprises.

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Publication:M2 EquityBites (EQB)
Date:Jul 30, 2018
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