fbpx
HomeNewsMcCain Foods completes acquisition of Strong Roots, strengthening position in growing market...

McCain Foods completes acquisition of Strong Roots, strengthening position in growing market for sustainable frozen foods

[td_block_11 category_id="1561" ajax_pagination="next_prev" sort="popular1" limit="2"]

McCain Foods has finalized the acquisition of Strong Roots, an Irish plant-based frozen food manufacturer.

The acquisition comes in the wake of McCain and Strong Roots forming a strategic partnership in 2021, buoyed by a $55 million investment.

Strong Roots emphasizes genuine food that is both beneficial for the planet and people. Their array of vegetable-centric dishes, including meals, sides, and snacks, complements McCain’s current portfolio. This partnership ensures improved global access to high-quality, sustainable food for customers and consumers worldwide.

Through the acquisition, McCain anticipates broadening the reach of the Strong Roots brand into additional regions. This expansion aims to provide a wider array of eco-friendly, vegetable-focused products, catering to the growing demand from consumers seeking healthier, natural, and uncomplicated meal options.

Continue Exploring: JustDeliveries raises $1 Million to provide cold chain solutions for frozen food brands and restaurants

Jillian Moffatt, regional president of McCain GB and Ireland, expressed, “This investment reinforces McCain’s dedication to environmentally conscious food, allowing us to broaden our range of healthier choices produced, processed, and delivered sustainably. With a shared vision and values, we are thrilled to advance the global expansion of the Strong Roots brand.”

Peter Dawe, McCain Foods’ chief growth and strategy officer, remarked, “Our collaboration with Strong Roots since 2021 exemplifies our commitment to future investment and portfolio diversification, aligning with shifting consumer preferences. We are eager to enhance growth, extending access to natural, uncomplicated meals and ingredients across retail and foodservice sectors.”

Samuel Dennigan, founder and CEO of Strong Roots, emphasized, “Our collaboration with McCain has fueled significant growth, and this step forward will allow Strong Roots to uphold its commitment to sustainability while driving innovation to introduce delightful, vegetable-centric products to a broader global audience.”

Under the leadership of CEO Charlotte Turton, Strong Roots will continue to operate as a separate entity. Founder Samuel Dennigan will collaborate with the team to drive continued portfolio innovation and brand expansion.

The specific terms of the agreement remained undisclosed.

Continue Exploring: BigBasket teams up with Chef Sanjeev Kapoor to introduce frozen foods brand ‘Precia’, targets INR 100 Crore in online sales by 2026

Latest articles

Allana Group to venture into India’s poultry industry with INR 1,000 Cr investment

Allana Group, a͏ ͏prominen͏t ͏͏pla͏y͏͏͏͏͏er in ͏the F&B sector and a ͏trailblaze͏r i͏n ͏food...

Furniture brand Wooden Street expands presence with new store at Chennai’s Marina Mall

Wooden Street, ͏a p͏rominent pl͏aye͏r in India’s re͏t͏ail͏ furniture sector,͏ ha͏s launc͏hed it͏s 9͏8th...

Fashion brand Beyoung expands retail footprint with new store in Kota

Beyoung, ͏th͏e ͏Udai͏pur-bas͏ed ͏͏fashion brand, ͏h͏as͏ ͏expan͏ded its retail p͏re͏s͏͏enc͏e ͏w͏͏i͏t͏h ͏a new ͏s͏tor͏e͏...

Packaged food companies to seek clarity on FSSAI’s proposal for bold nutritional information on labels

The packaged food industry is͏ po͏ise͏d to see͏k fur͏th͏e͏͏r ͏clarification on t͏h͏e r͏ec͏ent proposal...

Related Articles

Private equity firm Citation Capital acquires major stake in healthy snack giant Cibo Vita

Citation Capital, a private equity firm, has secured a controlling stake in the food...

Nissin Foods to acquire South Korean snack producer Gaemi Food in $34.9 Million deal

Hong Kong-listed Nissin Foods Co. has announced intentions to acquire Gaemi Food, a South...

Nirula’s owner, BanyanTree Growth Capital, acquires ‘Angels in My Kitchen’ confectionery chain

BanyanTree Growth Capital, a private equity fund that holds ownership of the food and...
× Drop a, Hi?