NEW YORK — DayDayCook has entered into an agreement to acquire 51% of G.L. Industry SpA.

The deal will be financed through a combination of cash and DayDayCook stock. DayDayCook will pay a total of approximately $9.3 million in cash over the next three years plus additional potential consideration of cash and stock based on GLI’s revenue and EBITDA over the next three years, the company said.

The acquisition will grow DayDayCook’s line of ready-to-eat meals through GL Industry’s ready-to-cook and ready-to-eat Asian food.

In December 2023, DayDayCook acquired Yai’s Thai, a Thai American food brand that offers pantry staples such as curries and stir-fry sauces.

G.L. Industry’s produces Asian-based meals for the catering sector and large-scale retail trade, according to the company. GL Industry owns such brands as Asiamama, a line of ready-to-eat Asian dishes, and Sushimama, a line of fresh sushi. The company currently offers dim sum, rice, spaghetti, sushi, tempura, preparations with meat and fish and others.

The company also sells its products to over 7,000 European retailers under private labels, the company said. The company also recently invested in machinery and manages two production facilities, the company said.

“Today’s announcement marks another significant milestone as the acquisition of GLI expands our growing footprint into the European market,” said Norma Chu, founder and chief executive officer of DayDayCook. “It further underscores our commitment to expanding worldwide and in new markets bringing diverse culinary delights to our customers. Cristian Lin, the founder of GLI, is a remarkable entrepreneur and has made an incredible contribution to promoting Asian cuisine in Italy over the years. Cristian will remain as the CEO of GLI, and I look forward to our collaboration as we continue to innovate and spread the joy of Asian cooking to more families in Europe.”

DayDayCook was founded in 2012 and offers ready-to-heat, ready-to-cook and ready-to-eat Asian food products.

The acquisition is expected to be completed in the first quarter of 2024. Oaklins HFG China provided advisory services for the transaction, the company said.