Marley spoon acquires Chefgood for $21m

“There’s money in  food” 💰 

Rolf Weber’s ready-to-heat meal company,  Chefgood has been sold to a Marley Spoon for $21 million. 

Chefgood turnover was  $26 million of revenue this financial year which should generate positive earnings and cashflow of $2m plus per annum.

The acquisition has been  funded by an $8m investment into Markey Spoon at $1 per share an $11m  debt facility with Runway Growth Capital, with the final $2m payment to be made in May 2023.

Thanks Lucas Baird and The Australian Financial Review for the heads up