At the same time, Anchor's branded retail products will be acquired by the H.J. Heinz Co., Pittsburgh, which gains licensing rights to Anchor?s T.G.I. Friday retail appetizer lines.
A producer of specialty cheese appetizers, onion rings, stuffed jalapeno peppers, vegetable appetizers and rolled and specialty appetizers, Anchor rang up sales of $500 million in 2000. McCain generated C$5 billion in sales.
"The Anchor acquisition will make McCain Foods a major foodservice supplier of frozen appetizers in the U.S. market," comments Harrison McCain, chairman of McCain Foods Ltd. "Anchor's innovative sales and marketing expertise is a perfect fit with the international production leadership of McCain Foods."
The McCain Foods USA unit, a major French fry, pizza and appetizer producer, sells appetizers under the Brew City, Moore's and Golden Crisp brands.