NutriSystem acquires Nu-Kitchen, plans to expand food service
NutriSystem Inc. (Nasdaq:NTRI) announced at mid-session today it had acquired assets of PowerChow LLC’s whole and natural prepared foods provider Nu-Kitchen. The move will help NutriSystem, a weight management company that provides portion-controlled meals, to add to its meal service, the Horsham, Pa.-based NutriSystem said in a statement.
“We’re very proud to add Nu-Kitchen to the NutriSystem family,” said Joe Redling, president and chief executive officer of NutriSystem, in a statement. “We will continue to do everything we can, collectively and collaboratively, to make healthy living more convenient, affordable and rewarding for our clients.”
Shares of NutriSystem are trading up 5.5% at $14.22 at 1:59 p.m. ET.
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