YFOOD LABS acquired by NESTLE

Nestlé acquired the remaining shares of yfood Labs, the Munich-based meal-replacement nutrition company, to take full ownership of the business after holding a minority stake since 2023. The transaction was announced on 3 June 2026, with the founders' remaining shares transferred by 3 July 2026. The acquisition valued yfood at an enterprise value of €450m, against revenue of €150m, implying an EV/revenue multiple of 3.0x. During Nestlé's minority investment period, yfood expanded its retail presence in the United Kingdom. On 18 June 2026, the company reported that its products were available in more than 10,000 retail outlets nationwide, including over 850 Tesco Superstores carrying six flavours and more than 1,500 Tesco Express stores featuring a dedicated breakfast-on-the-go fixture. Other retail partners included Boots, Sainsbury's, Co-op, Holland & Barrett, Superdrug, SPAR and Nisa. The brand had already secured listings in more than 350 Tesco Extra and Superstore locations by September 2023, with further distribution agreements added over the following years. The acquisition gave Nestlé full ownership of a brand with an established consumer proposition and a growing retail network, consolidating its investment in the meal-replacement category. The transaction completed the transfer of the founders' remaining equity to Nestlé in July 2026.