Pulmuone Closes Asset Purchase Agreement with Vitasoy USA

Pulmuone Foods Co. Ltd. has completed the acquisition of substantially all of the assets of Vitasoy USA Inc., which includes the Nasoya, Azumaya and San Sui brands in North America. 

This acquisition solidifies Pulmuone’s position as the world’s leading tofu company while strengthening its operations in South Korea, United States, Japan and China. Pulmuone had previously announced it had entered into an asset purchase agreement to acquire Vitasoy USA Inc. on March 24.

“This acquisition provides bi-coastal production and logistics capabilities as well as a national sales and distribution platform,” said H.Y. Lee, CEO of Pulmuone Foods. “We are especially excited about expanding the brand beyond the tofu category through our innovative product development and with our multi-channel business base. We look forward to bringing our customers and consumers more healthy and tasty products.”

The acquired business, now known as Nasoya Food USA LLC, joins the Pulmuone family of healthy and nutritious brands and will be a part of the company's significant expansion in the U.S. M&A will continue to drive future growth for Pulmuone in North America and globally.

Ross Gatta has been appointed to lead the Nasoya Food USA business as CEO. The acquired operations will remain in Ayer, MA, with significant investments planned to grow the business.

Established in 1984 and committed to providing authentic wholesome food products, Pulmuone is a Korea-based holding company with more than 1.8 trillion KRW (approximately USD 1.5 billion) in annual sales. The company is engaged in the management of subsidiaries, primarily in the food manufacturing and food ingredients distribution businesses. Currently the company has 25 affiliates, including Pulmuone Foods USA Inc., and is a leader in refrigerated all-natural and organic food products. The company’s US portfolio includes the Monterey Gourmet Foods brand, featuring all-natural pastas and sauces, and the Wildwood brand, offering meat alternatives such as tofu, salsas, hummus and dairy alternatives.