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Japan's Oisix acquires Purple Carrot

Japanese online organic food retailer Oisix ra daichi Inc. said May 21 that it has acquired U.S.-based vegetable meal-kit seller Three Limes Inc., doing business as The Purple Carrot, as its subsidiary.

Details from a May 23 report by food industry website FoodBev Media said Oisix will pay an up-front amount of $12.8 million.

The deal also includes an earnout potential of $17.2 million until 2021, putting the deal's total value to as much as $30 million.