Breville acquires US food and tech startup
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.
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