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.
