Announced
Completed
Financials
Sources
Tags
Friendly
frozen food
Private
Single Bidder
Private Equity
Minority
Completed
Food Products
Ireland
Acquisition
Cross Border
Synopsis
McCain Foods, the family-owned world leader in frozen potato specialties and appetizers, completed the acquisition of a 38% stake in Strong Roots, a plant-based frozen food company, from Goode Partners, a private equity firm, for $55m. "As food producers, our role is to be better, food can be better, and our duty is to lead the betterment of ingredients, sourcing, packaging, process and taste, at the same time as working with our partners to achieve this. Working in partnership with McCain Foods means that we are able to grow our brand and the values it stands for, while providing us at Strong Roots with the resources and capabilities we need to see change through globally and impactfully," Samuel Dennigan, Strong Roots Founder and CEO.
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