US private-equity firm Peak Rock Capital has acquired a majority stake in Canadian mushroom producer Highline Produce.

Highline, based in Ontario, has four production facilities and a distribution centre, where it packs a range of mushrooms for retail and foodservice customers.

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“Our investment in Highline represents Peak Rock’s continued commitment to identifying and partnering with market-leading consumer businesses that have the potential to outperform through investments in growth,” Peak Rock president and MD Steve Martinez said.

Glenn Martin, the CEO of Highline, added: “We are thrilled to have access to the resources necessary to support our ongoing success, particularly as we pursue new product development.”

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