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Intelligent Foods Acquires National Meal Kit Service Gobble

Dec 08, 2022•about 3 years ago

Acquiring Company

Sun Basket, Inc.

Acquired Company

Gobble

San JoseNutritionDietary SupplementsHospitalityFood And BeverageHealth CareManufacturingHospitalityFood And Beverage

Description

Intelligent Foods, powerhouse food manufacturer of healthy meal and supplement solutions, today announced the acquisition of popular 15-minute meal kit service Gobble for an undisclosed amount.

Company Information

Company

Sun Basket, Inc.

Location

1170 OLINDER COURT

San Jose, California, United States

About

Intelligent Foods was founded in 2021 with a mission to help people transform their health through innovative and personalized nutrition. The conglomerate is a global manufacturer of innovative meal and supplement solutions that distributes its cutting edge health and wellness consumer products via retail, direct-to-consumer, and enterprise channels. Its in-house brands include health-focused meal delivery company, Sunbasket, family-friendly meal kit company, Gobble, and therapeutic ketone technology innovator, Prüvit.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed