Calbee Acquires Majority Stake In Tofu Business Hodo

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Japan-headquartered snacks group Calbee has acquired a mostly 58% liking successful US-based tofu-maker Hodo.

Calbee said successful a connection that nan woody marks its introduction into nan US plant-based nutrient marketplace and intends to accelerate nan maturation of its world “health and food” businesses.

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In nan aforesaid statement, Calbee said Sagamiya Foods, a Japan-based tofu manufacturer, will besides return a 10% liking successful Hodo.

Makoto Ehara, CEO of Calbee, said: “As request for sustainable foods grows, tofu is progressively weighted by health-conscious consumers. With its precocious plant-based macromolecule contented and minimal processing, tofu is drafting peculiar attraction successful nan US market, wherever wellness and biology concerns are driving growth.

“Our imagination astatine Calbee is to build a world portfolio of foods that are enjoyable and meaningful.”

The woody is simply a portion of Calbee’s three-year translator scheme initiated successful February 2023, which nan institution said includes overseas description , particularly successful nan US, and nan improvement of nan company’s “food and health” business.

Founded successful 1949, Calbee produces meal cereals arsenic good arsenic snacks. Headquartered successful Chiyoda city, it has manufacturing accommodation successful respective countries, including nan US, China, nan UK and South Korea.

According to Calbee’s statement, Sagamiya will connection “technical support to thief beforehand and grow tofu civilization successful nan US”.

The nutrient shaper said: “Through Hodo’s beardown instauration and unsocial merchandise offerings successful nan US, and Sagamiya’s manufacture expertise, Calbee will reside increasing user request successful nan nutrient and wellness abstraction while processing caller marketplace opportunities.”

Hodo acknowledged nan copy stakes successful its ain statement. Based successful Oakland, California, nan business supplies unit and foodservice.

Founded successful 2004, its portfolio besides includes different plant-based foods specified arsenic nuggets, veggie-burgers and ovum replacement products.

Minh Tsai, nan laminitis of Hodo, said: “We blend contented and invention to create foods for consumers who are looking for healthier options but don’t want to discuss connected taste. We are excited for Calbee’s imagination and their committedness to connection better-for-you foods to consumers.”