Fyffes has paid €41m to acquire 100% of the equity in All Seasons Mushrooms, the second large Canadian mushroom business the company has purchased.
All Seasons, based in British Columbia, is one of the largest mushroom producers in western Canada. It is a fully integrated producer operating from four facilities, of which three are owned and one is leased.
The current CEO of All Seasons, Frank Moscone, will remain in the business post acquisition.
Fyffes first entered the Canadian mushroom industry in April 2016 through the acquisition of Highline Produce Limited.
Commenting on this transaction, Fyffes Chairman David McCann said: “We are very pleased to have acquired All Seasons. It represents an excellent strategic addition to the Highline business, which we acquired earlier this year. Together, Highline and All Seasons will be well placed to provide Canadian customers with a consistent supply of the highest quality mushrooms from coast to coast, while continuing to strategically supply US customers with premium and organic mushrooms. We look forward to working with Frank Moscone and his management team to continue to develop the business.”
All Seasons CEO Frank Moscone commented: “We are delighted to be joining the Fyffes Group and excited about the potential in working with Highline to provide nationwide coverage to our combined customer base.”