Morinaga Nutritional Foods Acquires Turtle Island Foods (Tofurky & Moocho)
February 10, 2023
Morinaga Nutritional Foods, a U.S. subsidiary of Morinaga Milk Group, acquired Turtle Island Foods Holdings, Inc. — the owner of the Tofurky and Moocho brands — making Turtle Island a wholly owned subsidiary. The acquisition aims to expand Morinaga's plant-based foods (PBF) business in North America, strengthen the integrated supply chain and manufacturing capabilities, and grow the Tofurky and Moocho brands across retail and foodservice channels.
- Buyers
- Morinaga Nutritional Foods, Inc.
- Targets
- Turtle Island Foods Holdings, Inc., Tofurky, Moocho
- Sellers
- Trust established by and for individuals (undisclosed shareholders)
- Industry
- Food & Beverage
- Location
- Washington, United States
- Transaction Type
- Buyout
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