Calbee Acquires Majority Stake in Hodo, Inc.

September 11, 2025

Calbee, Inc. has acquired a majority stake in Oakland-based plant-protein and tofu maker Hodo, Inc., accelerating Calbee's U.S. expansion and strengthening its Food & Health business. Japanese tofu maker Sagamiya Foods also took a minority stake and will provide technical support as part of the venture.

Buyers
Calbee, Inc., Sagamiya Foods Co., Ltd.
Targets
Hodo, Inc.
Industry
Food & Beverage
Location
California, United States
Transaction Type
Buyout

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