Daiya produces a line of plant-based foods, including Greek yogurt alternatives, frozen pizza, frozen cheesecake, cream cheese-style spreads and cheese alternatives.
Otsuka Pharmaceutical Co., Ltd., Japan, announced plans to acquire 100% of Daiya Foods Inc., a Canada-based manufacturer of plant-based foods. The $405 million acquisition is expected to help increase Daiya's presence throughout North America and beyond, while creating a global plant-based platform.
Otsuka operates worldwide, including in the United States and Canada, offering vitamins under the Nature Made brand. The acquisition of Daiya greatly expands Otsuka's product portfolio, adding a new category of plant-based products in North America, and provides Daiya with a like-minded partner with expertise in consumer brands, R&D and manufacturing and global markets.