Food distributor Fyffes has acquired a second large Canadian mushroom business just months after it bought Highline Produce for €99 million.
The company said on Thursday it had acquired All Seasons Mushrooms for CAD$59.1 million (€40.8 million) to acquire 100 per cent of the equity in the company and refinance its debt. Fyffes said it was funding the deal through existing bank debt.
The transaction is expected to be immediately accretive for Fyffes, the group said.
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