Grocery chain Kroger is buying the nation’s largest private meal kit company, the Dayton Daily News is reporting.
Kroger, based in Cincinnati, is buying Home Chef, in what may be a $700 million deal, the newspaper reported.
The sale price is $200 million and future payments of up to $500 million over five years are contingent on achieving certain sales goals, Krogrer said. The pending merger follows Home Chef’s 150 percent growth in 2017. Home Chef also reported $250 million in revenue, andhas had two profitable quarters, according to Kroger.