PE-backed Highline Mushrooms sold to Fyffes for $145 mln

Highline Produce Ltd (Highline Mushrooms), a Canadian portfolio company of U.S. private equity firm Peak Rock Capital, has been acquired by Fyffes plc. Fyffes, an Irish fruit and fresh produce company, said in a separate statement that it paid $145 million (98 million euros) to acquire Highline's equity and refinance its debt. Leamington, Ont.-based Highline is an integrated mushroom business with five facilities in Ontario and Québec. The post-acquisition company will continue to be led by its existing management team. Founded in 1961, Highline received an investment from Peak Rock in November 2014.

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