Vitasoy

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China: Vitasoy to invest $154 million in new facility

November 1, 2018

Asia Pacific, Food, Manufacture & Distribution, Non-Alcoholic Drinks

Vitasoy, a manufacturer and distributor of plant-based food and beverages, has announced a 1.21 billion HKD ($154 million) investment to build a new manufacturing facility in Dongguan, China. 100,000 sq m in size, the Vitasoy facility will be the firm’s largest production facility in mainland China and it is expected to be operative by 2021. Winston Lo Vitasoy’s executive chairman commented, “Mainland China is now our biggest and fastest growing …

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South Korea: Pulmuone to acquire Vitasoy USA

April 1, 2016

Asia Pacific, Food, Mergers & Acquisitions

Pulmuone, South Korea’s leading tofu manufacturer, has announced that it will purchase substantially all of the assets of Vitasoy USA for $50 million. Pulmuone said that the deal, which includes America’s number one tofu brand Nasoya, would give it outright market leadership of the US tofu category as well as a consolidated operations foothold within the global tofu markets of South Korea, the US, Japan and China. According to the …

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