Blue apron announces closing of transaction with freshrealm to execute its asset-light model and focus on its direct-to-consumer business

New york--(business wire)--blue apron (nyse: aprn) closed its previously announced transaction with freshrealm. under the definitive agreements entered into today, blue apron transferred its operational infrastructure to freshrealm, including fulfillment centers, equipment, know-how and related personnel. blue apron received approximately $25 million of upfront cash, subject to certain adjustments, and is eligible to receive up to $25 million of value upon the achievement of certain milestones.
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