Next Gen Foods Acquires London-based Plant‑Based Dairy Startup Mwah!

Danone Acquires MADE Group and Remaining 49% Stake in Australian Fresh Dairy JV

June 23, 2026

Food & Beverage

Danone entered into two definitive agreements to expand its healthy nutrition presence across Asia-Pacific. It will acquire MADE Group (Australia) and also purchase the remaining 49% stake in its Australian fresh dairy joint venture with Saputo Dairy Australia, which supports functional yogurt brands such as YoPRO, Activia, and Ultimate.

Morinaga Co., Ltd. to Acquire My/Mochi Ice Cream

March 9, 2026

Food & Beverage

Morinaga & Co., the parent of Morinaga America, has entered into a definitive agreement to acquire My/Mochi Ice Cream, the largest mochi ice cream brand in the United States. The deal is intended to strengthen Morinaga’s position in the frozen snack category and expand its U.S. consumer footprint.

Misha's Inc. Acquires Vertage

January 15, 2025

Food & Beverage

Misha's Inc., a Los Angeles–based plant-based foods company, has acquired Vertage, a New York–based dairy-free cheese maker, to expand Misha's product line into shredded and sliced cheeses and scale production. The transaction is supported by investors including QVT Financial, Composite Capital Partners, Gaingels, and Fresh Del Monte, the latter providing access to its production and inland logistics capabilities.

Morinaga Nutritional Foods Acquires Turtle Island Foods (Tofurky & Moocho)

February 10, 2023

Food & Beverage

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.

Danone Acquires Earth Island (Follow Your Heart)

February 18, 2021

Food & Beverage

Danone has entered into a share purchase agreement to acquire 100% of Earth Island, the maker of the Follow Your Heart plant-based brands. The acquisition strengthens Danone's plant-based portfolio and will help accelerate the international expansion of Follow Your Heart's dairy-free cheeses, Vegenaise and other plant-based products.

TPG and Northstar Acquire 80% of Japfa's Southeast Asia Dairy Business (Greenfields)

December 7, 2020

Food & Beverage

TPG and Northstar Group have agreed to acquire an 80% stake in Japfa Ltd's Southeast Asia branded dairy business (Greenfields) for US$236 million, with Japfa retaining a 20% interest. The strategic partnership gives the investors funding and senior management expertise to accelerate growth of the vertically integrated dairy business across Southeast Asia while Japfa focuses on its China dairy operations and other core businesses.