FOLCROFT, PA. — House Foods Holding USA has entered an agreement to acquire 100% of Keystone Natural Holdings, LLC (KNH), a subsidiary of Keystone Capital.

House Foods’ acquisition of the tofu and plant-based food manufacturer is expected to close by the end of September for an undisclosed sum.

KNH was created by Keystone Capital in 2016 following the acquisition of fellow plant-based food manufacturer Nature’s Soy. In the following year, the company expanded its plant-protein portfolio through several acquisitions, including J.P. Veggies Inc. and Superior Tofu Ltd. in 2018 and WestSoy in 2019.

“Keystone Capital has been a great partner to work with, helping us successfully expand into additional strategic segments, which has positioned us to better serve our retail and foodservice customers in the ethnic and mainstream channel,” said Kenny Sung, who will remain chief executive officer of KNH.

The acquisition adds to House Foods’ existing portfolio of tofu and plant-based products and will accelerate the company’s plans for US market expansion.