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.
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.