Primarily a snack company, Calbee purchased a 58% stake in a US plant-based brand.
Oakland, Calif.-based alt-protein company Hodo last week announced that Calbee Inc., a Japanese snack food company, has acquired a majority stake in the company.
The deal was reportedly worth ¥2.5 billion (US $16.9 million), and concurrently, Japanese tofu maker Sagamiya also took a 10% stake in the company.
The acquisition was,…
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