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McCain Foods completed the acquisition of a 38% stake in Strong Roots from Goode Partners for $55m.

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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