China: Vitasoy to invest $154 million in new facility
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. […]
South Korea: Pulmuone to acquire Vitasoy USA
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 […]