In the wake of threats to the grocery industry from online grocery providers, Kroger Co. (NYSE: KR) announced plans to purchase Home Chef, the nation's largest private meal-kit company.
Cincinnati-based Kroger will pay $200 million for Home Chef, and an additional $500 million if Home Chef hits certain targets. The deal was announced after markets closed May 23.
Home Chef, based in downtown Chicago, employs more than 1,000 employees with distribution centers in Chicago, Atlanta and San Bernadino,…
