Wildwood Enters Alliance on Path to National Expansion

Wildwood Natural Foods, Inc. ("Wildwood"), briefly known as Wildwood Harvest Foods, Inc., is pleased to announce that it has entered a strategic alliance with Pulmuone U.S.A., Inc. This relationship provides for significant equity investments into Wildwood as well as a broad collaboration on research, production, marketing, and sales.

Separately, Wildwood announces the appointment of Paul S-U Kang as President and CEO. Paul?s experience includes brand management at Procter & Gamble Co. in Cincinnati and mergers and private equity at Goldman Sachs & Co. in New York. He received his A.B. from Harvard and his M.B.A.
from Stanford.

Wildwood has manufacturing facilities in California and Iowa and is a leading marketer of premium tofu, seasoned tofu, refrigerated vegie-burgers, SOYogurts, SOYsmoothies, and a range of other natural food products. Wildwood was founded some 25 years ago and has been a pioneer in the natural and organic food category. Investors in Wildwood include the tecTERRA Food Capital Fund I, L.P., which invests in innovative food and biotechnology companies; the Iowa Agricultural Finance Corporation; Iowa Farm Bureau Federation; soybean farmers; and over a dozen physicians interested in the health benefits of soy.

Pulmuone U.S.A., Inc., with 3 factories in the U.S., is a subsidiary of the publicly-listed Pulmuone Co., Ltd. with revenues of some $250 million. Pulmuone Co., Ltd. is the largest player in the global tofu industry and is a part of the Pulmuone Group, with businesses in fresh juices, bottled water, fresh noodles, food supplements, and food services. Pulmuone began in 1955 as a Christian farming cooperative based upon respect for life and the environment. Its first produce outlet opened in 1981 for organic tofu and sprouts.

- 30 -

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.