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HelloFresh Acquires Factor85 Startup

HelloFresh is strengthening its leading position in the U.S. meal kit market. The German meal kit company is acquiring Factor75 Inc., a Chicago-based meal kit startup, for $177 million. Factor is a provider of fully prepared fresh meals that aim to combine health, convenience and restaurant-quality taste. “Both companies say they share a strong vision for operational excellence and a data-driven approach to delight customers with great meals consumed at home,” according to Progressive Grover.

Read the whole story at Progressive Grocer »

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