Ireland-based Fyffes plc acquired Canada-based Highline Produce Ltd., a fully integrated mushroom processor with five facilities in Ontario and Quebec.
Highline's experienced management team, led by CEO Glenn Martin, will continue to run the business. All of Highline's five Canadian locations will remain in operation with business as usual for its 1,150 employees.
"Highline is a very fine business with a strong position in an important product category,” says Fyffes chairman David McCann. “We look forward to working with Glenn Martin and his management team to continue to develop the business. This transaction fits perfectly with Fyffes’ strategic objective of adding an additional product to its existing three through the acquisition of an established, successful, integrated operator in a category with significant scale."
"We couldn't be more excited about this transaction and joining Fyffes, given its long history and successful track record of growth,” adds Martin. “We already operate some of the most state-of-the-art mushroom facilities in North America, and this arrangement will give us access to a global market leader in fresh produce. Our values are strongly aligned, and we look forward to working with Fyffes management as we continue to grow our business together into the future."