Factor, an Illinois-based prepared meal delivery platform owned by HelloFresh, announced plans of opening a nearly 100,000 square foot fulfillment and distribution center in Lake Zurich, adding ~700 workers. It is expected to be operational in the fall of 2022. In December, Factor led the ready-to-eat meal space in the US in terms of market share.
The new facility is expected to further Factor’s production and distribution capacity by threefold. Factor currently has four facilities in Chicago, including production facilities in Aurora and Burr Ridge, a distribution center in Lyons, and corporate offices in Batavia.
<ul><li>In December 2021, HelloFresh announced plans to invest EUR 450–550 million (~USD 510-620 million) in 2022 to strengthen its capacity expansion plan by further opening fulfillment centers and increasing its theoretical revenue capacity across all verticals. The company believes the investment will help it achieve its mid-term growth ambition of EUR 10 billion in revenue by 2025.</ul>
By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.