Fresh2 Group Ltd. Acquires Youfood Group Inc.
January 4, 2024
Fresh2 Group Ltd. (NASDAQ: FRES), through its subsidiary Fresh2 Technology Inc., agreed to acquire 100% of Youfood Group Inc. in a stock-for-stock transaction. The deal—payment in 38,333,334 newly issued Fresh2 Class A common shares—is intended to expand Fresh2's cross-border B2C food e-commerce capabilities and provide access to new North American customers sourcing food from Asia and South America.
- Buyers
- Fresh2 Group Ltd., Fresh2 Technology Inc. (subsidiary of Fresh2 Group Ltd.)
- Targets
- Youfood Group Inc.
- Industry
- E-Commerce
- Location
- Unknown
- Transaction Type
- Buyout
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