Despite the outbreak of the novel coronavirus, there have still been some business transactions in the works. Here, we look at two local ones in the hospital industry: a brewery and a food delivery firm.
Having ceased operations during the coronavirus outbreak, Argus Brewery has now been put up for sale for $2.5m. This facility produces and distributes beer and is located in a Pullman District. The space – measuring 9,700 square foot has the capacity to make 10,000 barrels each year. There is at least one camera in each room, a huge freight elevator with a fully operational original motor designed by Nikola Tesla. The $2.5m price tags includes the delivery vehicle, equipment, and any remaining furniture and intellectual properties.
Then there is the Amsterdam-based food delivery firm Grubhub. This is being purchased by Just Eat Takeaway.com for a $7.3b price tag. This will make it the largest online food delivery platform in the world (except for China). Each share of Grubhub is being valued at $75.15. Matt Maloney, founder and CEO of Grubhub will take up membership on the board at Just Eat Takeaway.com. at the end of 2020, there were approximately 2,700 employees; 1,200 of these are in Chicago. It is anticipated that the deal will be complete by Q1 2021.