McCain Foods acquired a 70% stake in Sérya.

McCain Foods, the global leader in frozen french fries and potato specialties, acquired 70% of Sérya, a Brazilian food company which operates in the pre-formed potato specialty market. The remaining shares of Sérya are held by Brazilian cheese bread maker Forno de Minas, in which McCain acquired a 49% stake in March 2018. Financial terms were not disclosed. "Brazil currently reports as the 5th largest market in the world for frozen french fries, with broad potential to become the third largest market by 2021", said Aluizo Neto, Managing Director of McCain in Brazil, who from now on will also lead Sérya's operations.