Finally, we are excited to have Centerbridge alongside of us in this venture and believe our combined focus, expertise and scale will help us maximize the success of FreshDirect going forward.”įreshDirect is a leader in the U.S. It further enables us to address customers’ growing preference for convenient ways to shop. The deal allows us to reach additional customers in the New York trade area and therefore will add incremental sales to the business. It is a great addition and fit for our portfolio of leading local brands. This acquisition further propels our omnichannel evolution.
"With its unparalleled quality of fresh food, exceptional brand recognition, and dedicated people, it has generated remarkable customer loyalty. “FreshDirect is a leading local brand in the fast-growing online grocery sector in the New York City metro area, one of the most important e-commerce food markets in the United States," said Frans Muller, Ahold Delhaize CEO. The transaction is expected to close in the first quarter of 2021, following the satisfaction of customary closing conditions, including regulatory clearance. Financial terms of the deal weren't disclosed. 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 the New York City borough of The Bronx. The Dutch grocery company has entered into a definitive agreement, with private-equity firm Centerbridge Partners, to acquire New York City online grocer FreshDirect.Īhold Delhaize will acquire the majority share, funded by cash on hand, and New York-based Centerbridge Partners will be a minority equity investor with a 20% stake. 18.Īhold Delhaize is accelerating its e-commerce operations with a blockbuster acquisition.
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Ahold Delhaize Is Acquiring FreshDirect - Warehouse Automation Warehouse Automation