Breville acquires US food and tech startup

Source: Facebook

Australian kitchen appliance maker Breville Group has acquired Seattle-based food and technology company ChefSteps.

Breville said the acquisition will give them the opportunity to further invest in growth, original content and innovation. The company said it will also help consumers “in achieving perfect results” to home cooking.

The company has not disclosed the value of the acquisition and was not reported to the Australian Securities Exchange.

“We are excited at the scale we can achieve by combining their content and intellectual property with our current and future consumer products,” said Breville CEO Jim Clayton.

“We also look forward to engaging with, and serving, the very active and enthusiastic community ChefSteps has built around its product and content.”

Founded in 2012, ChefSteps will be integrated into the Breville Group business while maintaining its offices in Seattle.

The ChefSteps business will be reported as part of the Breville’s Global segment but is not expected to have a material impact on the business of the Group.


Comment Manually

I have read and agree to the Terms and Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inside Retail Polls

Is the US-China trade war having an impact on your business?


Talks of a merger between @OZretailers and @retailaustralia have come to a close, with the parties failing to align…

7 days ago

.@Wesfarmers is one step closer to its acquisition of online retailer @Catch_au after @acccgovau announced it would…

2 weeks ago

In order to combat falling cash reserves, @oliversrealfood CEO is putting his own money on the line to fund the bus…

3 weeks ago

FREE NEWS BRIEFS Get breaking news delivered