M&A Advisory
K&L Gates
Full Credential Description
K&L Gates advised Daily Harvest, Inc., a plant-based food maker, in its acquisition by Chobani Global Holdings LLC. Daily Harvest faced the challenge of expanding its market presence and product offerings in the competitive food industry, particularly in the ready-to-make meals segment, which includes smoothies, pasta, and breakfast bowls. The acquisition aimed to enhance Chobani's reach into this market, leveraging Daily Harvest's established brand and innovative approach to delivering clean, nutritious food directly to consumers. The K&L Gates team, led by partner Josh Berick, provided tailored legal solutions throughout the acquisition process, ensuring that the transaction was structured and completed efficiently. This involved navigating the complexities of both domestic and international regulations pertinent to the food and beverage industry. As a result of the acquisition, Daily Harvest not only expanded its product but also gained access to Chobani's extensive distribution network, significantly increasing its market reach. This strategic move positioned Daily Harvest for accelerated growth in the ready-to-eat meal sector, ultimately enhancing its competitive edge in the rapidly evolving food market.