Strong Roots secures €50 million investment from McCain Foods
Canadian food giant to take a minority 40 per cent stake in the Irish plant-based frozen food company
Strong Roots, the Irish plant-based frozen food company, has secured a €50 million ($55 million) investment from McCain Foods, the Canadian frozen food giant best known for its frozen chips.
Under the terms of the agreement, McCain Foods will take a minority stake of almost 40 per cent in Strong Roots after it acquired the shares of Goode Partners, a US-based private equity fund that has been a shareholder in the Irish food company since 2019.
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