McCain 49% of buying Canadian Oven de Minas

The Canadian manufacturer of pré-frita frozen potatoes McCain closed according to the controllers of the Oven mines to buy 49% of brazilian food manufacturer, reported companies this Monday (5). The value of the deal was not revealed. "The McCain Foods and mines have oven appetizers and snacks are complementary strategies ..., featuring a fantastic opportunity for both companies to strengthen and grow your presence in this sector of the market here in Brazil," he said in a statement to the Press Paolo Picchi, regional President of McCain Foods Latin America. The McCain is famous for its potatoes semi ready in the form of emoticons. The company also produces potatoes into other formats and pizzas. The Oven of Mines was founded in 1990 by family Marie and currently produces in addition to breads of cheese products such as Lasagna, stuffed pasta, bread and potatoes. The company exports to more than 15 countries and has three factories. Annual sales are about deR $340 million. According to a statement from Mine to market, oven after the operation, McCain will have 49% stake in the company to be created TPZ, 100% of the Oven. The transaction will mark the departure of the investment fund of the company's corporate structure Mercatto brazilian. Before the transaction, had 29.3% Mercatto Oven.