NEW YORK — Consumer products company Core Home has acquired snack manufacturer Tochi Snacks. Financial terms of the transaction were not disclosed.
Tochi Snacks markets a portfolio of functional snacks, including salmon chips, which contain 8 grams of protein and 5 grams of collagen per serving, and non-GMO popcorn made with coconut oil. The company’s products also prominently feature Asian-inspired flavors, including sriracha and Korean barbecue salmon chips and salted egg, black sesame, milk tea and ube popcorn varieties.
“Tochi has proven that flavors rooted in Asian heritage belong in the mainstream snack aisle, not just the international one,” said Rick Wang, head of operations at Tochi Snacks. “As part of Core Home, we can build on that foundation while staying true to what makes the brand special.”
As part of the transaction, Tochi Snacks will remain a distinct brand under the Home Core umbrella, according to the company. The deal comes as part of Core Home’s strategic emphasis on growing its presence in the food and beverage segment, with much of the company’s existing portfolio focused on the houseware, health and beauty, pet care and toys and games. The company’s current food and beverage brands portfolio includes People of Spice, a producer of spice blends inspired by global cuisines, and Spice Market, a seasoning company aimed at elevating the home cooking experience.
“What attracted us to Tochi was its combination of differentiated products, proven retail traction and strong business fundamentals — exactly the qualities we look for as we build a diverse portfolio of better-for-you food and beverage brands,” said Diana Ark Chen, head of food and beverage, New Ventures at Core Home. “We’re excited to build on what the founders have created with opportunities to reach more consumers through expanded retail distribution and new channels.”
