Dairy Processing - January/February 2022 - 62

cheese
heese
product news
SNACKS
McCain adds cheesebased
appetizer line
McCain Foods USA said it will invest
$169 million to expand its appetizer
processing plant in Plover, Wis.
As part of the expansion, McCain
said it will add a production line
that will support a cheese-based
appetizer operation that will run
24 hours a day, seven days a week.
The 135,000-square-foot expansion
project is expected to begin in the
summer of 2022 and will bring 110
new jobs to the Plover community,
McCain said.
" McCain Foods USA has a proud
history producing delicious, highquality
cheese-based appetizers in
America's Dairyland, " said Michael
O'Brien, president of the North
America Appetizers Division at
McCain Foods. " This expansion
furthers our commitment to
the Plover community, and our
commitment to our customers
to continue to grow and provide
high-quality delicious food for
their consumers. "
Headquartered in Oakbrook,
McCain Foods USA supplies frozen
potato and snack food products
62 JAN-FEB 2022 | DAIRYPROCESSING.COM
for the foodservice markets,
retail grocery chains and private
label brands in restaurants and
supermarket freezers across the
United States. The company has
production facilities in Idaho,
Maine, Nebraska, Washington
and Wisconsin.
Hain Celestial
acquires Parmcrisps
The Hain Celestial Group, Inc.'s
acquisition of the Parmcrisps brand
from private equity company
Clearlake Capital Group LP for $259
million opens new opportunities
in the healthy snacking space,
according to the company.
Parmcrisps are formulated using
Parmesan cheese. They are available
in several applications, including
chips, tubs and snack mixes.
Mark Schiller, president and
chief executive officer of The
Hain Celestial Group, said during
a presentation at the virtual ICR
Conference that the acquisition
will make his company a " bigger
fish " in the US and Canadian
snack segments.
" It's a mid-teens growth business
which will have mid-teens EBITDA
margins next year once we get
some of the synergies in place and
get some of the pricing in place, " he
said. " They haven't taken pricing yet
to cover inflation and so it fits really
nicely. It also is very incremental to
what we have today. "
He added that Parmcrisps gives
Hain a variety of advantages. It
gives the company a presence in
snack mixes and its high protein,
low carbohydrate profile gives
it a competitive profile against
meat snacks and protein bars, two
categories the company is not in.
Additionally, he said Parmcrisps
may open opportunities for
innovation in foodservice and as a
salad topper.

http://www.DAIRYPROCESSING.COM

Dairy Processing - January/February 2022

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Dairy Processing - January/February 2022 - Intro
Dairy Processing - January/February 2022 - 1
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