Loading tweets...
McCain, the leading frozen potato firm, has entered into an agreement to acquire Penobscot McCrum LLC (McCrum), one of North America’s premier suppliers of frozen potato specialty products.
As a result of the acquisition, McCrum’s Maine processing facility will operate independently and agree a potato supply arrangement with McCain, and about 130 employees at the plant will move to McCain.
Commenting on the acquisition, McCain Foods regional president, North America, Howard Snape said: “We share a strong commitment to integrity, sustainability, and the highest-quality standards. Both companies enjoy strong relationships with local farmers, and all of that will continue. On the ground, we expect this transition to be seamless for the newest additions to the McCain team and the McCrum farmers who grow potatoes for us”.
Penobscot McCrum owner and CEO Jay McCrum added: “This is a natural next step for the long-standing partnership between our farming operations and McCain Foods. We know McCain. We know their values. We have every confidence they will build on our family’s legacy while allowing us to continue to grow in agriculture, just as we have for more than five generations”.
The transaction is subject to customary closing conditions.
Source: McCain
