CANADA: Omstead sells appetiser unit
Omstead Foods has sold its appetiser division to frozen potato processor Cavendish Farms.
The deal will see Cavendish, part of the Irving Group, take control of the Omstead appetiser brands and processing equipment. The business will continue to operate out of the former Omstead plant in Wheatley, Ontario.
Omstead president Bill Stafford said the divesture would allow it to focus on the "continued development" of its national fruit business.
"We will now focus our efforts on the continued development of our national fruit business. The frozen fruit category is experiencing tremendous growth in both the retail and food service channels and as a national leader in the category, Omstead is well positioned to benefit," he said.
The financial details of the transaction were not disclosed.
- US food next wave on display at Winter Fancy Food
- Does Kraft Heinz want to swallow Unilever whole?
- Comment: Meal kits in US - don't believe the hype
- How General Mills plans to grow - CAGNY
- Focus: Nestle CEO plan to balance sales, earnings
- Unilever launches operational review
- Kraft Heinz pulls Unilever bid
- Kerry operating earnings strengthen on slow sales
- Glanbia focuses on nutrition with Irish dairy spin
- General Mills issues profit warning