Meal-Kit Startup Plated Sells to Albertsons

New York – September 21, 2017 – Cooley advised Plated on its sale to Albertsons. It is the first meal delivery company to be acquired by a traditional grocer.

According to the companies, Plated will operate as a subsidiary of Albertsons. In addition to its delivery subscription service, Plated meals will be available for pickup in Albertsons stores, which also includes the Safeway chain.

“We no longer have to play the game of just spending money in the media to go out and reach folks,” said Josh Hix, CEO of Plated, in The Wall Street Journal. “It uniquely positions us in the market.”

Plated, which is based in New York, is a technology company committed to making it easy to eat well. Built on data and supply chain excellence, it delivers a better dinner experience for its customers, providing exceptional recipes, premium ingredients and choice.

Partner Meredith Beuchaw and partner and co-chair of firm’s M&A group Jamie Leigh led the Cooley team advising Plated.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 900 lawyers across 12 offices in the United States, China and Europe.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.