FreshDirect acquired by Ahold Delhaize
FreshDirect acquired by Ahold Delhaize
Ahold Delhaize and Centerbridge Partners have entered into a definitive agreement to acquire FreshDirect, an online grocer based in New York City.
Ahold Delhaize will acquire the majority share, funded by cash on hand, and Centerbridge Partners will be a minority equity investor with a 20 percent stake.
After the deal closes, FreshDirect will retain its brand name, report to a seven-person board, and continue to independently operate out of its facility in New York City. Financial terms of the deal were not disclosed. The transaction is expected to close in the first quarter of 2021