Kameda Seika agreed to buy Mitsubishi Corporation's 50% of TH Foods, the Illinois maker of Crunchmaster rice crackers, taking it to 100%. The two Japanese companies had owned it together since 1989. The final price was about ¥32.0 billion. TH Foods had sales of about ¥36.6 billion in the year to March 2024. About TH Foods TH Foods has made thin, crispy rice crackers in the US for more than 30 years. In the year to March 2024 it earned an operating profit of about ¥2.75 billion and had net assets of about ¥24.6 billion. The deal Kameda bought the shares from Mitsubishi Corporation and its US arm. The two partners agreed that full ownership by Kameda was the best way to speed up new products and productivity. The price was first put at about ¥33.1 billion and later set at about ¥32.0 billion, and the deal closed on June 26, 2025.
