America's Test Kitchen Under Contract for Food52, Inc. Assets
The acquisition, subject to bankruptcy court approval,
unites two preeminent media brands beloved by millions of fans
In connection with the restructuring process, Food52, Inc. has reached an agreement with ATK to provide the company with new capital in the form of a debtor-in-possession (DIP) financing facility. Upon approval by the Court, this DIP facility is expected to provide sufficient liquidity to operate the Company's business during the pendency of the chapter 11 case.
"We are delighted at the opportunity to acquire the Food52 brand assets and to grow this iconic brand that audiences love," said
"From the beginning, Food52 aspired to build a place where great food, thoughtful design and a deeply engaged community could live together," said
Also, as part of the restructuring process, Food52, Inc. will file customary "First Day" motions to allow it to maintain normal business operations.
About America's Test Kitchen
The mission of America's Test Kitchen (ATK) is to empower and inspire confidence, community, and creativity in the kitchen. Founded in 1992, the company is the leading multimedia cooking resource serving millions of fans with TV shows (America's Test Kitchen, Cook's Country, and America's Test Kitchen: The Next Generation), a magazine (Cook's Illustrated), cookbooks, a podcast (Proof), FAST channels, short-form video series, and the ATK Essential subscription for digital content. Located in a state-of-the-art, 15,000-square-foot test kitchen in
About Food52 Inc.
Food52 Inc. is the parent company of Food52, Schoolhouse, and Dansk—an American home, food, and lifestyle company celebrated for distinctive storytelling, original content, and a vibrant, deeply engaged community. Across its brands, Food52 inspires connection around home, cooking, and creative living, bringing people together through ideas, products, and shared experiences. Learn more at Food52.com.
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SOURCE America's Test Kitchen
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