McCain Foods of New Brunswick is buying Falcon Group, a family-owned potato business in India.
The deal was announced while federal Minister of International Trade Maninder Sidhu was on a trade mission in India.
Falcon Agrifriz Foods’ potato operations in Gujarat, a state in northwestern India, employs 450 workers and buys from more than 1,000 farms.
McCain and Falcon did not disclose the financial terms of the transaction.
McCain began operating in India in 1998 and currently has 1,800 employees in the country, and buys from 2,500 potato farmers. It also markets vegetables and cheese in India.
It has operations in 160 countries, has more than 20,000 employees and has annual sales of $16 billion.
