News

Vegan Cheese Brand Daiya Acquired for $325 Million

International brand Otsuka paid a hefty price to expand its plant-based portfolio.

International brand Otsuka announced today that it will acquire Canadian vegan cheese brand Daiya Foods for a sum of $406 million Canadian dollars ($325.5 million US). “Driven by a highly talented management team,” Otsuka’s President Tatsuo Higuchi said, “Daiya has developed a portfolio of high-quality, unique plant-based nutrition products, and built a strong brand with loyal customers. With our shared values, vision, and mission, together we will commit to the better wellness of people worldwide.” Once the acquisition is complete, Otsuka—which also owns the Nature Made vitamins brand—plans to expand Daiya’s presence in the North American market and, eventually, globally. A number of plant-based companies have struck similar multi-million dollar deals recently, including meat-alternatives brand Lightlife (acquired for $140 million by Maple Leaf Foods) and plant-based milk company WhiteWave (acquired for $12.5 billion by yogurt giant Danone).

More News

Beyond Meat Debuts Vegan Beyond Sausage

The company behind the game-changing plant-based Beyond Burger is set to revolutionize the pork industry with its newest meat-like vegan product.
Read More »

Fashion Giant Michael Kors Goes Fur-Free

The company will eliminate animal fur from all of its brands—including Jimmy Choo shoes—by the end of 2018.
Read More »

Vegan Impossible Burger to Debut in Asia Next Year

Food technology company Impossible Foods aims to reduce the growing demand for beef in Asia with its innovative burger.
Read More »

New Netflix Series Exposes Horrors of Animal Farming

Rotten—Netflix' new six-part docu-series—uncovers the corruption behind animal agriculture.
Read More »

Vegan Desserts Are 329 Percent More Popular on Pinterest

The social media platform released its top 100 trends, and vegan desserts were all the rage.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »