Vegan Cheese Company Daiya Acquired By International Healthcare Giant For A Staggering $325.5 Million

Vegan Cheese Company Daiya Acquired By International Healthcare Giant For A Staggering $325.5 Million

By

1 Minutes Read

Plant Based News
Your ad here?

Advertisement

Canadian vegan cheese brand Daiya has been acquired by a healthcare company for a massive $325.5 million.

Otsuka Pharmaceutical Co. Ltd – a self-described ‘global holistic healthcare company dedicated to bettering the health of people worldwide’ – just announced the purchase, confirming it will acquire 100 per cent of the brand, which was founded in 2008.

Otsuka sells a number of products internationally, including vitamin brand Nature Made.

‘Excited’

Tatsuo Higuchi, President and Representative Director of Otsuka, said: “We are excited to welcome Daiya to Otsuka group. 

“Driven by a highly talented management team, Daiya has developed a portfolio of high-quality, unique plant-based nutrition products and built a strong brand with loyal customers. 

“We believe this will be an important pillar for our nutraceutical business. With our shared values, vision and mission, together we will commit to the better wellness of people worldwide.”

‘Honor’

Daiya CEO, Terry Tierney, added: “Joining the Otsuka family is an honor for all of us at Daiya. 

“With aligned values and vision, Daiya and Otsuka have a tremendous opportunity to bring the incredible benefits of a plant-forward lifestyle to people around the world.

“Our partnership with Otsuka enables us to leverage their expertise and vast resources to continue growing our line of great-tasting, allergy-friendly food products that have delighted consumers for over 10 years.”

READ MORE:

Plant-Based Beyond Burger Triples Circulation In Eight Weeks As Demand Explodes

Another Vegan Burger Hits The Headlines As Midwest Diner Creates Plant-Based ‘Big Mac’

New York Times Reports Vegan Ice Cream Is Entering ‘Golden Age’

Your ad here?

Advertisement

Support Plant Based News in our mission to plant 1 million trees by 2030. 🌳

Your donation supports our mission to bring you vital, up-to-the-minute plant-based news and research and contributes to our goal of planting 1 million trees by 2030. Every contribution combats deforestation and promotes a sustainable future. Together, we can make a difference – for our planet, health, and future generations.

© 2021 Plant Based News is a UK-based digital media outlet publishing content about veganism and plant-based living, including news and current events, health, personal transformation stories, features, and recipes. | Plant Based News Ltd, PO Box 71173, London, SE20 9DQ, United Kingdom.

buttons/scroll-to-top/scroll-to-top-small-active