- Maple Leaf Foods (OTCPK:MLFNF) announced that it acquired Lightlife Foods from Brynwood Partners VI for $140M and related costs.
- Lightlife reported sales of $40M in 2016.
- The acquisition is expected to be accretive to Maple Leaf's earnings in 2017.
- The deal is expected to close in March.
- "Expanding into the fast growing plant-based proteins market is one of Maple Leaf's strategic growth platforms and supports our commitment to become a leader in sustainability," notes CEO Michael McCain.
- Source: Press Release