Nestle agreed to take full ownership of yfood Labs, three years after it took a minority stake in the meal replacement company.
Nestle--which held a 49% stake in the business since 2023--said Wednesday that it bought the remaining shares from yfood's founders and co-chief executives, Benjamin Kremer and Noel Bollmann for an undisclosed sum. Sources familiar with the situation said the deal values yfood at 450 million euros ($523.4 million).
It expects the transfer of shares to complete July 3, whereupon leadership of the Munich-based company will pass to Nestle executive Jolanda Schwirtz.
The deal is designed to accelerate yfood's growth, Nestle said. yfood will continue to operate independently from Nestle, the company said.
Launched in 2017, yfood makes drinkable meals in Germany and Europe, selling drinks, powders and bars across 30 European countries. yfood generated sales of approximately 150 million euros in 2025.
"Becoming the full brand owner will allow us to accelerate its growth story, in Europe and beyond," said Nestle's head of nutrition and health business in Europe, Sophia Jalal.
Write to Joe Stonor at josephmichael.stonor@wsj.com and Aimee Look at aimee.look@wsj.com
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