Japanese food group Calbee has acquired a majority stake of 58% in Hodo, a US-based producer of tofu and other plant-based foods.

The acquisition marks Calbee’s entry into the US plant-based market, aiming to accelerate the growth of its international Health and Food businesses. As part of the initiative, Japanese tofu manufacturer Sagamiya Foods will also acquire a 10% stake in Hodo.

Founded in 2004 and headquartered in Oakland, California, Hodo produces tofu, yuba and other plant-based products made with organic, non-GMO soybeans. Its unique production method preserves tofu’s authentic flavour while maintaining a firm texture, allowing the tofu to hold up well during cooking.

The deal is part of Calbee’s ‘Change 2025’ three-year transformation plan, initiated in February 2023. The strategy identifies overseas expansion as a key pillar of growth for the business, with the US being a key target market. The Food and Health business, which focuses on developing business models that promote healthy lifestyles, is another pillar of growth.

Makoto Ehara, CEO of Calbee, commented: “As demand for sustainable foods grows, tofu is increasingly valued by health-conscious consumers. With its high plant-based protein content and minimal processing, tofu is drawing particular attention in the US market, where health and environmental concerns are driving growth.”

He added: “The addition of Hodo to the Calbee Group marks an important step in strengthening our Health and Food businesses as well as expanding our global presence”.

Sagamiya will offer technical support to help promote and expand tofu culture in the US. The company builds on the traditions of tofu-making to continuously develop new products, with ambitions to accelerate a new tofu market that blends tradition and innovation. Sagamiya aims to preserve Japan’s rich cultural heritage in tofu craftsmanship while also shaping future growth in the industry.