Fast Food/Quick Service Restaurants, Processing, fries, chips

McCain Foods sells North American frozen pizza business to Dr. Oetker

McCain Foods said Wednesday it has signed a deal to sell its North American frozen pizza business to Dr. Oetker GmbH. Financial terms of the deal were not immediately available. The deal covers the Ellio’s brand in the U.S. and a two-year licence for the use of the McCain brand in Canada. The company said pizza represents a small portion of its North American business and the move will allow it to focus on other areas. (Source: The Globe and Mail)

Source: www.theglobeandmail.com

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