The divestment is a shift in Blue Apron’s strategy.

The packaging machine company is based in New Zealand. 

The value of the acquisition is approximately $715 million.

The facility will also produce renewable natural gas using stillage as feedstock.

The premium products will be sold on Rastelli’s direct-to-consumer website.

The deals were made as part of the company’s strategy to accelerate growth.

Mike Sloan brings on a facility 40 miles away from the original location.

The two companies worked together for more than a decade.

The meat snack company was advised on the sale by Harris Williams.

Pasta, Mexican sauce brands are potential acquisition targets.