Latest news with #KamedaSeika
Business Upturn
26-05-2025
- Business
- Business Upturn
LT Foods joint venture with Kameda to expand roasted gluten-free snacks portfolio
By Aman Shukla Published on May 26, 2025, 12:17 IST Kameda LT Foods, a joint venture between LT Foods and Japan-based Kameda Seika, has introduced a new addition to its Kari Kari snack range — Krispy Hopu in the 'Sweet and Salty' flavour. This new product is designed to meet the growing demand for healthier snacking options, offering a roasted rice-based alternative that is gluten-free, vegan, and free from palm oil. Krispy Hopu is inspired by the traditional Japanese snack 'Salada Hopu' and reflects the rice heritage of Niigata, Japan. The snack delivers a distinct taste profile that blends sweet, salty, and umami flavours, aimed at consumers looking for light yet flavourful snacks. It is made using a roasting process, not frying, making it a suitable choice for those mindful of their dietary preferences. Available in two convenient sizes — a single-serve pack priced at ₹20 and a sharing pack at ₹50 — Krispy Hopu caters to both individual and group snacking occasions. The product is currently being rolled out on select e-commerce and quick commerce platforms, with wider availability in retail outlets across key cities planned in the coming months. With Kari Kari, Kameda LT Foods continues its strategy of combining Japanese rice snack expertise with Indian market insights, further expanding its presence in both domestic and select international markets. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Yahoo
09-05-2025
- Business
- Yahoo
Kameda Seika sells Mary's Gone Crackers to Dare Foods
Japan's Kameda Seika is selling one of its US subsidiaries, Mary's Gone Crackers, to a unit of Canadian food manufacturer Dare Foods. The deal involves a debt-to-equity swap at Mary's Gone Crackers before the shares are transferred to Rosseau Incorporated, Dare's US arm. While the value of the transaction remains undisclosed, Kameda confirmed it represents less than 15% of its consolidated net assets. Kameda views the US as the 'most important base for overseas expansion', where it also operates consolidated subsidiary Kameda USA and affiliate TH Foods. In 2012, the rice crackers maker acquired Mary's Gone Crackers to enter the US 'better for you' market, focusing on organic and gluten-free products. However, Mary's Gone Crackers faced challenges, including rising raw material costs. Nevada-based Mary's Gone Crackers posted a net profit of $784,000 in 2021, followed by a net loss of $20.3m in 2022 that deepened to $22.2m in 2023. Net sales totalled $35.5m in 2021, rose to $38m in 2022 and dipped to $36.3m in 2023. Kameda Seika explained that although Mary's Gone Crackers has undertaken initiatives such as 'improving production efficiency and launching new products', it has ultimately chosen to redirect its focus. 'After reviewing our US strategy, we determined that concentrating resources on the growth of TH Foods would generate more effective synergies,' Kameda Seika said. Kameda entered the US in 1989 through a partnership with Sesmark Foods, now TH Foods, producing rice crackers and snacks. In March, Kameda Seika agreed to acquire the remaining 50% stake in TH Foods from Mitsubishi in a deal worth $221m. Alongside this approach to inorganic growth, the group also aims to 'further invigorate' rice cracker offerings in the US. "Kameda Seika sells Mary's Gone Crackers to Dare Foods " was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
