PR97774

TORONTO, Sept. 13, 2022 /PRNewswire=KYODO JBN/ --

-- The acquisition will fuel future growth in the global prepared appetizers

market to meet customer and consumer demand

McCain Foods has acquired Scelta Products, adding the Netherlands-based

producer of frozen foods to its growing family of delicious, prepared vegetable

appetizer product offerings.

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The deal closed on September 8, 2022 and represents a significant investment

that will fuel McCain's growth and expansion in the frozen vegetable appetizer

space.

Despite the turmoil and uncertainty in the post-COVID world, McCain continues

to look for opportunities to grow and invest with acquisitions that align with

its business values and global leadership position. Scelta Products marks the

latest in a series of investments and acquisitions McCain has made in recent

years to expand its appetizer and snacking offerings; some of these include Ad

van Geloven, Strong Roots and Forno De Minas. The Scelta Products acquisition

is a further sign of McCain's commitment to maintain and strengthen its

position in the global prepared appetizer market.

"With common customers and shared values as family-owned companies, there is a

natural complement between McCain Foods and Scelta Products," says Max Koeune,

CEO of McCain Foods. "We feel honoured and privileged to build on the legacy of

Scelta Products, bringing their delicious product to our customers as we expand

on the fantastic business that Scelta's founders have created."

Scelta Products has been driving innovation in the frozen vegetable industry

for more than 22 years and has been a business partner of McCain's for the past

13 years. Scelta Products' onion rings, battered and breaded mushrooms and

other vegetable appetizers fit well within McCain's existing appetizers

portfolio and will allow us to serve growing consumer and customer demand for

delicious snacking options.

Scelta Products' plant assets will be integrated into McCain's product network,

creating increased production capacity to accelerate global prepared appetizer

growth throughout European and international markets.

Scelta Mushrooms, cofounder of Scelta Products and the international route to

market for more than 20 years, will solely focus on its mushroom business going

forward.

McCain values the skills, experience and motivation of the management and

employees of Scelta Products and looks forward to welcoming them to the McCain

family.

"After more than a decade of building a successful business partnership, we are

thrilled to officially become part of the McCain Foods family," say Jos Koster

and Wilco Boone, co-founders of Scelta Products. "Our companies have grown

together over the years, and I'm excited to see that continue. In joining

forces with McCain, a global leader in prepared appetizer products with similar

business values to ours, I am confident that the legacy of Scelta Products'

will continue to be built upon."

The acquisition price is not being disclosed at this time.

For more information, please visit mccain.com ( https://www.mccain.com/ ).

About McCain Foods

McCain Foods Limited is a family-owned business founded in 1957 in

Florenceville, New Brunswick, Canada. Today, the company is the world's largest

manufacturer of frozen potato products and a global leader in prepared

appetizers and snacks. Its products can be found in restaurants and retail

stores in more than 160 countries around the world. The company has major

production, retail and corporate operations around the world, employs

approximately 22,000 people, operates 49 production facilities on six

continents, partners with 3,500 farmers and generates annual sales in excess of

$11 billion CAD.

SOURCE McCain Foods

CONTACT: Hannah Davis, 07734788779