MCCAIN AND HEINZ BUY ANCHOR
By Adnews Staff
McCain Foods Limited of Florenceville, NB and H.J. Heinz Company of Pittsburgh, PA are acquiring Anchor Food Products of Appleton, WI. Financial details are not known. Anchor Foods produces specialty cheese appetizers, onion rings, stuffed jalapeno peppers, vegetable appetizers and specialty appetizers. McCain will acquire Anchor Food's food service business, its main production facility and headquarters in Wisconsin as well as the company's plants in Texas and Mexico. Heinz will acquire Anchor's branded products including the Poppers line of appetizers and licensing rights to Anchor's T.G.I. Friday's brand. The acquisition is subject to regulatory review and is expected to be completed this fall.
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