House Foods Holding USA has entered into an agreement to acquire 100 percent of Keystone Natural Holdings, LLC, (KNH), which is a subsidiary Keystone Capital.
House Foods is expected to complete the acquisition of the plant-based food and tofu manufacturer by September end for an undisclosed amount.
The company’s plant-protein portfolio was expanded through several acquisitions in the next year, including J.P. Veggies Inc., Superior Tofu Ltd. and WestSoy in 2018.
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Kenny Sung will continue to be chief executive officer at KNH. “Keystone Capital was a great partner to help us expand into additional strategic sectors which has placed us in a better position to serve our retail customers in the ethnic channel and mainstream channel.”
This acquisition will help accelerate their plans to expand the US market.
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