Nestle Buys Out yfood Labs in CEO Navratil’s First Major Acquisition
Overview of Nestle's Acquisition of yfood Labs
Acquisition Details
June 3 (Reuters) - Nestle will fully acquire the smart food brand yfood Labs from its founders, a statement said on Wednesday, the first acquisition for the world's largest packaged food company under new CEO Philipp Navratil, who took charge in September.
Previous Stake and Timeline
* Nestle had already acquired a 49% stake in the Munich-based yfood in 2023
* The remaining shares held by the founders are expected to transfer to Nestle with effect from 3 July 2026
About yfood Labs
* yfood produces ready-to-drink meals with the slogan "THIS IS FOOD" in Germany and Europe, as well as powders and food bars
* Sales were approximately €150 million in 2025, representing double-digit year-on-year growth
Expansion Plans
* yfood is preparing the brand’s expansion into new markets beyond Europe
Financial and Market Context
Transaction Terms
* The financial terms of the transaction will not be disclosed
Nestle's Recent Performance
* Switzerland-based Nestle beat first-quarter sales forecasts and stuck to its annual outlook in April, riding out the impact of the Iran war though it warned about the risk of higher energy and freight costs and a needed turnaround in a tough China market
Editorial Note
(Writing by Matthias WilliamsEditing by Madeline Chambers)
