Nestle to Take Full Control of Drinkable Meals Group yfood Labs
By Joe Stonor and Aimee Look
Nestle agreed to take full ownership of yfood Labs, three years after it took a minority stake in the meal replacement company.
Nestle--which held a 49% stake in the business since 2023--said Wednesday that it bought the remaining shares from yfood's founders and co-chief executives, Benjamin Kremer and Noel Bollmann for an undisclosed sum. Sources familiar with the situation said the deal values yfood at 450 million euros ($523.4 million).
It expects the transfer of shares to complete July 3, whereupon leadership of the Munich-based company will pass to Nestle executive Jolanda Schwirtz.
The deal is designed to accelerate yfood's growth, Nestle said. yfood will continue to operate independently from Nestle, the company said.
Launched in 2017, yfood makes drinkable meals in Germany and Europe, selling drinks, powders and bars across 30 European countries. yfood generated sales of approximately 150 million euros in 2025.
"Becoming the full brand owner will allow us to accelerate its growth story, in Europe and beyond," said Nestle's head of nutrition and health business in Europe, Sophia Jalal.
Write to Joe Stonor at josephmichael.stonor@wsj.com and Aimee Look at aimee.look@wsj.com
(END) Dow Jones Newswires
June 03, 2026 07:04 ET (11:04 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Companies to Invest in Now
The 10 Best Dividend Stocks
United States