An investor group led by Champlain Financial Corporation acquires Wong Wing Foods Inc.
by CM Staff
Wong Wing is the leading Canadian frozen food brand specialized in the development, manufacturing and distribution of frozen Chinese snacks.
MONTREAL — An investor group led by Champlain Financial Corporation, and including Fondaction, has acquired a majority stake in the Wong Wing business unit in partnership with McCain Foods Canada, creating a new frozen food platform, with a dedicated management team, under the new company name MLW Foods Inc. based in Montreal, Quebec.
Wong Wing is the leading Canadian frozen food brand specialized in the development, manufacturing and distribution of frozen Chinese snacks, appetizers, entrees, soups and sides, supplying customers throughout Canada.
The partnership will further enable the expansion and growth of the company into the North American market, meant to create a category leader in Asian inspired products.
Tony Galasso, formerly CEO of Plats du Chef and the incoming Executive Chairman of MLW Foods, commented: “Our experienced leadership team is excited about the partnership and the growth opportunities that the platform will create in new product innovation, new geographic expansion and new channel distribution. Working closely with strategic food retailers, our goal is to be the category leader in modern Asian inspired frozen foods in North America with both branded and private label segments.”
Terms of the transaction were not disclosed.