Kroger Company is paying massive $200 million to acquire Home Chef

Kroger Company is paying massive $200 million to acquire Home Chef

Kroger Company is paying $200 million to acquire Chicago meal kit company Home Chef, with potential for up to $500 million more in performance-based milestone payments.

“We know our customers would love to see more Home Chef meal kits on grocery store shelves,” said Pat Vihtelic, Home Chef’s founder and CEO. “What this allows us to do is to be everywhere our customers are.”

Trivia:

Home Chef is a Chicago, Illinois-based weekly meal kit and food delivery company that delivers pre-portioned ingredients and recipes to subscribers weekly in the United States.