Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP News Agency) jonghyuk Kim Journalist = Pulmuone took over the Vitasoy, which headquarters in Ayer, Massachusetts, the first place bean curd manufacturer company in America, through the contract on 23 Mar (local time). This contract was that Pulmuone took over soy curd business, for 50 million dollars ( around 58.3 billion won Korean currency).

Pulmuone Corporate Partnership Fund set by Plumuone and National Pension, joined this contract with 50% of stake.

With this takeover, Pulmuone plans to enter the American major market of soy curd. Using distribution networks of these brands in the USA, it will expand to market of noodles in the USA, in addition to market of soy curd.

Hyoyul Lee, the president of Pulmuone said, “20 thousand of supermarkets distribution network newly obtained, drives to expand retail business in the USA. This takeover will be a bridgehead that Pulmuone expands other foods business. in addition to soy curd.”

NSP News Agency/NSP TV jonghyuk Kim Journalist, awake12@nspna.com
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