ACTON exits its portfolio company Chef’s Plate to HelloFresh
We are pleased to inform you that HelloFresh S.E. (“HFG”) has acquired ACTON’s Canadian portfolio company Chef’s Plate, Inc. Closing of the transaction is still subject to certain closing conditions and is expected by the end of October 2018.
Chef’s Plate and HFG plan to strengthen both brands along distinct offerings for the Canadian consumers. By leveraging synergies across marketing, sourcing and operating expenses, both brands gain significant means to accelerate the individual brand strategies further and to expand the joint market leadership based on the complementary customer bases and leading positions at different pricing points.
HelloFresh is an international publicly traded meal-kit company based in Berlin, Germany. It is the largest meal-kit provider in the world and has operations in the United States, Canada, Western Europe, and Australia.
Christoph Braun and Hannes Blum have accompanied the investment.