Last Refreshed: 5/10/2021 12:51:41 AM
Press release

Giant Food Launches "Lend a Hand for Hunger" Holiday Program

Zaandam, the Netherlands, January 5, 2021 – Ahold Delhaize and Centerbridge Partners are pleased to announce today that they have closed the acquisition of New York City-based online grocer FreshDirect after receiving regulatory clearance from the U.S. Federal Trade Commission. Through the acquisition, which was previously announced on November 18, 2020, Ahold Delhaize acquires the majority share, funded by cash on hand, and Centerbridge Partners is a minority equity investor with a 20% stake. Financial terms of the deal were not disclosed.

As previously announced, FreshDirect will retain its brand name and continue to independently operate out of its facility in New York City.

Frans Muller, Ahold Delhaize’s Chief Executive Officer, said, “We are very pleased that we can now definitively welcome FreshDirect to our family of great local brands. This leading local online brand with a large and loyal following will help us reach additional customers in the New York trade area and further propel our omni-channel evolution. We are looking forward to working with our new FreshDirect colleagues.”

David McInerney, FreshDirect’s Chief Executive Officer, said, "Today marks the beginning of an exciting new era for FreshDirect. Ahold Delhaize will build on FreshDirect’s success, ensuring the continued growth of our company, while creating synergy and maintaining the uniqueness of the brand. I am thankful to our loyal and devoted customers, many of whom have been with us since the beginning, and very proud of and grateful for the FreshDirect team, which has worked tirelessly over the years to make our company a leader in the field. The entire FreshDirect team looks forward to working together with our new colleagues.”

Last Refreshed: 5/10/2021 12:51:41 AM

Cautionary Notice

This communication includes forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Words and expressions such as acquires, remains, unchanged, will, retain, continue, definitively, reach, further, propel, looking forward, marks, beginning, ensuring, grow(th), maintaining, looks forward or other similar words or expressions are typically used to identify forward-looking

About Freshdirect

FreshDirect is a leading online fresh food grocer, delivering directly to customers throughout seven states, including the New York City and Philadelphia metropolitan areas, and the District of Columbia. FreshDirect is committed to sourcing the freshest and best-tasting meat, fish, produce, and specialty items through direct relationships with suppliers, growers, and farmers. Launched in 2002, FreshDirect is a privately held company headquartered in The Bronx, NY. Principal long-term investors in FreshDirect include Brightwood Capital Advisors, Maverick Capital and W Capital Partners. For more information, visit www.freshdirect.com.

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Elvira Bos

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