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Earlier report,
McCain Foods to acquire Falcon Agrifriz's potato processing business in Gujarat
Our read
McCain Foods will more likely than not complete the Falcon Agrifriz purchase and use it to deepen its Gujarat potato sourcing and processing base around Mehsana.
For operators
If you buy frozen fries or potato products for stores or QSR menus, McCain's deal adds capacity for domestic demand in Gujarat, but nothing changes in supply or pricing until closing, so keep current supplier terms in place for now.
Watch
Competition regulator filing or clearance on the transaction
The report,
McCain Foods agreed to acquire Falcon Agrifriz Foods' frozen potato processing business in Gujarat, which employs more than 450 people and works with over 1,000 farmers. It complements McCain's Mehsana operations, expanding capacity for domestic and export demand. Closing is subject to customary conditions.
- Falcon Agrifriz employees
- more than 450
- Farmers working with Falcon Agrifriz
- over 1,000
What we verified
Checked against the other reports of this story.
- Recent Gujarat expansion investment: CAD 135 million — ET Retail and BW Retail World agree.
- Falcon Agrifriz employees to be added: more than 450 — ET Retail and BW Retail World agree.
- Falcon Agrifriz farmers to be added: over 1,000 — ET Retail and BW Retail World agree.
What to watch next
- Statements on retention of the 450+ employees after handover
- Farmer contract terms or procurement prices announced for the acquired plant
- Export shipment or new customer announcements from the Gujarat plants
Updates
Each later report on this story, newest first. Earlier entries are never edited; a correction is a new entry.
McCain Foods to acquire Falcon Agrifriz's Gujarat frozen potato business, adding 450+ employees and 1,000+ farmers
- Announcement date: October 12
On the record
Earlier McCain Foods reports on RetailIntel, newest first.
Reported figures
From the report. Source details below
| Recent McCain Gujarat expansion investment: | CAD 135 million |
|---|---|
| McCain direct employees in India: | more than 940 |
| McCain farmer partners nationwide: | over 2,500 |
The source
Published
Also reported by The Hindu BusinessLine, MediaBrief, Indian Retailer, Financial Express, BW Retail World
First seen