My Food Bag ‘actively looking’ for acquisition

Chief executive Kevin Bowler, right, with independent chair Tony Carter, said any acquisition would be a direct to consumer business that could be integrated with My Food Bag’s delivery model. (Photo: Supplied)

Dan Brunskill

Fri, 19 Nov 2021

My Food Bag has told investors it has the funds to acquire a complementary business and is out looking for the right opportunity.The meal-kit company flagged it had the capability to make an investment in future growth opportunities several times in its half-year earnings report released this morning.“The strength of our balance sheet allows us the flexibility to consider M&A activity when the right option is available to us,” it said in the report.Elsewhere, the company said it was “well-positioned to pursue inorganic gro...

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