Maple Leaf to acquire Brynwood-owned Lightlife for $140 mln
Maple Leaf Foods Inc (MFI: TSX) has agreed to acquire Lightlife Foods Inc, a manufacturer and brand of refrigerated plant-based protein foods in the United States. Maple agreed to pay US$140 million and costs to Lightlife's current owner, Brynwood Partners, a U.S. private equity firm. Brynwood bought the Braintree, Massachusetts company from ConAgra Brands Inc in 2013. Maple Leaf, a Canadian consumer protein company, said the acquisition will give it "a leading market position and brand in the United States in a category that is outpacing growth in the broader packaged foods sector." The deal is expected to close next month.
21 February 2017•3 mins read
