For Immediate Release|
April 29, 2004
Wildwood Enters Alliance on Path to National Expansion
“Wildwood employees in California and Iowa have already had much interaction with people from the Pulmuone Group. We are convinced of shared values and mission, including the sanctity of product quality, our positive interaction with consumer health as well as a sensitivity to the environment,” adds Tom Lacina, Wildwood COO.
Dan Winegarden, President of the Iowa Agricultural Finance Corporation, which is one of the investors in Wildwood, notes, “The alliance with Pulmuone is good for current investors and lenders because it links Wildwood with support from a national and global player. From an Iowa perspective this alliance creates a strong potential for growth of soy food manufacturing in the state.” 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.
Office: (415) 777-1170
Cell: (415) 519-8343
Wildwood Harvest Foods
Alice Bourget, Marketing Director
Office: (831) 274-8252
Cell: (831) 750-0919