Wednesday, August 20, 2014

Dr. Oetker buys McCain pizza

Dr. Oetker has bought the frozen pizza business from McCain Foods.

No financial terms were disclosed.

Dr. Oetker built a new plant in London, Ont., to serve the North American market.

McCain is selling its brands, including Ellio’s in the United States, and a two-year licence to use the McCain brand name in Canada.

It is also getting McCain production facilities at Grand Falls New Brunswick and McCain said pizza represents a small portion of its North American business and the move will allow it to focus on other areas.

McCain is the world’s largest producer of frozen French fry potatoes.