Product range of Daily Harvest. Credit: Daily Harvest
Shruti Gurudanti, partner and director of corporate transactions at Rose Law Group, notes in a comment to RLGR that Chobani’s “acquisition reflects the broader trend of consolidation we’re seeing across the foodtech space.”
By Yahoo News
US-based yoghurt and creamers maker Chobani has bought local frozen-foods business Daily Harvest.
In a joint statement sent to Just Food, the companies said the deal, struck for an undisclosed sum, marked Chobani’s “entry into wholesome, ready-to-make meals”.
Founded in 2015, Daily Harvest sells frozen, single-serve products, including smoothies, breakfast bowls and savoury meals.
Set up as a direct-to-consumer business, Daily Harvest still sells products through its website but also through retailers including Target, Kroger and Wegmans.
In 2017, it secured an investment from movie star Gwyneth Paltrow and tennis champion Serena Williams.
In their statement, Chobani and Daily Harvest said they “are united by a shared vision: to make high-quality, delicious food with real ingredients more accessible”.
