Hy-Vee Inc. will invest more than $86 million in its behind-the-scenes food production operation in Ankeny, state documents show, including building a new production center for prepared foods and meal kits.
Plans call for expanding the Hy-Vee-owned Perishable Distributors of Iowa warehouse in Ankeny and building a $64 million facility that will house the grocer's central bakery and produce prepared foods and meal kits.
The move appears to position Hy-Vee to compete for more market share in the $2.2 billion meal-kit business, competing with at-home delivery businesses like Blue Apron and Hello Fresh.
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