FDBusiness.com

McCain Foods Strengthens its Presence in Brazil

 Breaking News
  • Diageo Launches New Super-premium Gin Diageo is introducing a new super-premium Italian gin, Villa Ascenti. The launch comes at a time when the super-premium and ultra-premium gin categories are the fastest growing segment within gin in Europe. Villa Ascenti will initially be available in 14 European countries. A new €420,000 (£360,000) distillery has been built on the site of the brand [...]...
  • European Commission Proposes to Increase Price Transparency in the Food Chain Having banned unfair trading practices and improved producer co-operation, the European Commission has presented the third element to improve fairness in the food supply chain by introducing greater transparency in the way prices are reported throughout the chain. The European Commission has tabled a proposal that will make available crucial information on how prices are determined [...]...
  • Irish Distillers Launches ‘A Story of Irish Whiskey’ Podcast Series Irish Distillers, Ireland’s leading supplier of spirits and wines and producer of some of the world’s most well-known and successful Irish whiskeys, has launched its first podcast, ‘A Story of Irish Whiskey’. Produced by Last Cast Media, the five-part series is a story of coming together, sharing, conquering markets and how three families, competitors for [...]...
  • C&C Group Increases Revenue by 187.3% to over €1.5 Billion C&C Group, the UK and Ireland drinks production and distribution business, increased net revenue by 187.3% to €1.575 billion in 12 months ended 28 February 2019, reflecting the acquisition of Matthew Clark and Bibendum from the administrators of Conviviality Group in April 2018. Excluding Matthew Clark and Bibendum, and on a constant currency basis, net [...]...
  • 2 Sisters Accelerates Business Transformation 2 Sisters Food Group has announced a series of actions as part of its accelerating transformational strategy to turnaround the business. The company is making further investments in its UK Poultry and Fox’s Biscuits businesses, and is proposing to reduce the number of its UK Poultry sites in order to produce shorter, more efficient supply [...]...

McCain Foods Strengthens its Presence in Brazil

McCain Foods Strengthens its Presence in Brazil
March 13
09:07 2018

McCain Foods, the world’s leading producer of frozen French fries, has agreed to acquire a 49% stake in Brazil-based Forno de Minas, a leader in cheese breads. Operating three production facilities and employing 1000 peope in Brazil, Forno de Minas offers a wide range of products including puff pastry, potato bread, burek, stuffed pasta, lasagne and waffles. The company also exports products to over 15 countries around the world.

Paolo Picchi, regional president of McCain Foods Latin America, comments: “This agreement presents a great opportunity for both companies, which have very strong brands in the Brazilian market. We are confident in the success story of Forno de Minas and in the management of the Mendonça family to continue to lead the company. McCain Foods and Forno de Minas have complementary appetizer and snacking strategies and both have a proud commitment to high-quality products and excellent customer service. This partnership presents a fantastic opportunity for both companies to strengthen and grow their presence in this important market sector here in Brazil.”

Helder Mendonça, chief executive of Forno de Minas, who will continue in this role, following the completion of the transaction, says: “This partnership will certainly be very favorable to the growth of both Forno de Minas and McCain’s businesses. We jointly have opportunities to expand our business in Brazil, as well as in the world market.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
  • June 25, 2019BevExpo 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements