Companies

Strong Roots eyes global expansion as McCain acquires remaining 60 per cent stake

McCain invested €50 million in the Irish plant-based frozen food company in 2021 for a 40 per cent stake

Samuel Dennigan, founder and chief executive of Strong Roots, will continue to lead the business alongside a senior executive from McCain. Picture: Anna Gordon

Strong Roots, the Irish plant-based frozen food company, will be expanding its offering globally thanks to an injection of capital and resources from McCain Foods, which has acquired the company.

McCain, the Canadian frozen food giant, purchased a 40 per cent stake in the business for €50 million in 2021. The company provided a further €14.5 million loan in the 12 months to the end of June, according to its financial reports.

Business Post Print and Digital Bundle

The Business Post delivered to your door every Sunday – plus digital all week. Sign up here.