Pinnacle Foods to buy TSG-backed protein foods maker Garden

Pinnacle Foods Inc said it would buy Canadian plant-based protein food maker Garden Protein International Inc for $175 million from founder Yves Potvin and U.S. private equity firm TSG Consumer Partners LLC, Reuters reported. Vancouver-based Garden sells its products under the 'Gardein' brand, founded by Potvin in 2009. The brand is expected to generate net sales of about $65 million in 2014, Pinnacle said. The deal, including a manufacturing plant and nearly 250 employees, is expected to close this week.

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