McCain Foods agrees to buy Falcon Agrifriz’s potato business in India

Canada’s McCain Foods has agreed to buy the potato-processing business of Falcon Agrifriz Foods in Gujarat, a state in northwestern India.

The deal includes a plant that opened last year and a supply network of more than 1,000 farms, but its price was not disclosed.

McCain has operated in India since 1998 and employs 1,800 people there.

It is expanding as Canada and India work to improve economic ties after a serious diplomatic dispute in 2023.

McCain says India is a priority growth market, with a large and growing middle class, and the business will serve both local and export markets.

The company also plans to build a processing plant in Madhya Pradesh and expanded its Gujarat facilities earlier this year.

The sources give no timeline for completing the acquisition.