Dublin, Ireland-based Fyffes has purchased the Canadian mushroom producer Highline Produce for approximately $110 million. Highline Produce is a fully integrated mushroom business operating from five facilities. It is the largest operator in the mushroom category in Canada, with retail customers accounting for approximately 75% of sales, with wholesale, foodservice, and canning customers accounting for the remaining 25%. Highline Produce’s management team, led by CEO Glenn Martin, will continue to run the business.
“Highline is a very fine business with a strong position in an important product category,” said David McCann, Fyffes chairman. “We look forward to working with Glenn Martin and his management team to continue to develop the business. This transaction fits perfectly with Fyffes’ strategic objective of adding an additional product to its existing three through the acquisition of an established, successful, integrated operator in a category with significant scale.”
