True Family Enterprises acquires Chef’d

Newport Beach, Calif.-based True Family Enterprises and its wholly owned subsidiary True Food Innovations, a multifaceted fresh food technology, consumer packaged goods and manufacturing company, has acquired the assets of the Los Angeles based meal kit company Chef’d, according to a press release.

Chef’d recently ceased operations citing funding and expense issues. The transaction was completed between True Food Innovations and the company's lender. Privately held True Food Innovations acquired all Chef'd assets, including plant, property, equipment, brand and intangible assets for an undisclosed amount, and plans to consolidate these assets into the existing businesses of True Food Innovations.

"We are looking forward to working with brands and former customers as we restructure and operate the Chef'd assets," Jones said. Prior to leading True Food Innovations, Jones served as senior vice president of business development at Chef'd. "We have already developed and are in market with long shelf-life retail meal kits under the brand of True Chef, so we seized the opportunity to acquire the assets and brand of Chef'd as the transaction will be accretive to our business from day one. We believe the retail channel will continue to grow and we will concentrate our efforts on that portion of the Chef'd business.”

True Food Innovations provides manufacturing services, turnkey product development, high pressure packaging (HPP) solutions and customer partnerships that introduce first to market, private label meal kits and retail ready HPP products both domestically and internationally. Through its sister company True Fresh HPP, True Food Innovations develops and manufactures food products that utilize HPP.