[3 December/ Food Dive]

Maple Leaf Foods has announced that it has acquired Field Roast Grain Meat for USD 120 million. Field Roast Grain Meat was a premium make of grain based meat, with annual sales of around USD 38 million. Maple Leaf Foods President and Chief Executive Officer, Michael McCain said the acquisition complemented and expanded the company’s portfolio in the fast growing North American market for alternative proteins. Mr McCain added that it aligned with the company’s vision to be a leader in sustainable protein and create shared value through making a positive social impact.