Fruitas makes two new acquisitions

Published February 3, 2020, 12:00 AM

by manilabulletin_admin

By James A. Loyola

Leading food and beverage kiosk operator, Fruitas Holdings, Inc. (Fruitas) announced two acquisitions: A firm selling soybean-related products under The Tofu Store brand and Filipino food stall chain Kuxina.

In a disclosure to the Philippine Stock Exchange, Fruitas said it has acquired 100 percent of the outstanding shares of SoyKingdom, Inc., a privately held corporation carrying The Tofu Store brand.

Meanwhile, Fruitas subsidiary Negril Trading, Inc., operator of De Original Jamaican Pattie Shop and Juice Bar, has acquired the assets of Kuxina, a stall concept specializing in serving Filipino dishes.

“We will further strengthen our existing brands and seamlessly integrate our latest acquisitions, broadening our offerings to include both traditional and contemporary Filipino food and drinks,” Fruitas President and Chief Executive Officer Lester Yu said.

The firm said storefronts of The Tofu Store, located in Little Baguio, San Juan and Sta. Mesa Heights, Quezon City, which offers soy milk, taho, tofu, and other soybean-related products, will continue to operate.

The Tofu Store has been serving customers since 2006 and has gained a loyal following among its patrons, which also includes restaurants.