date:Aug 25, 2014
McCain Foods has agreed to sell its North American frozen pizza business unit to Germany-based food establishment Dr. Oetker.
An agreement to this effect was signed between McCain Foods and Dr. Oetker.
The transaction includes the sale of McCain's operations in New Brunswick, Canada; and New Jersey, US. It also includes Ellio's brand in the US and a two-year license for the use of the McCain brand in Canada.
The financial terms of the transaction were not disclosed, with the deal currently su