3 Jun (Reuters) – Nestlé will fully acquire the smart food brand yfood Labs from its founders, according to a statement released on Wednesday. This is the first acquisition of the largest packaged food company in the world under the leadership of new CEO Philipp Navratil, who took office in September.
Nestlé had already acquired a 49% stake in Munich-based yfood in 2023, and the remaining shares held by the founders are expected to be transferred to Nestlé from 3 July 2026.
yfood produces ready-to-drink meals and food bars in Germany and other European countries.
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Sales totaled approximately 150 million euros in 2025, representing double-digit growth compared to the previous year.
Financial terms of the transaction will not be disclosed.
