NEWS & ANALYSIS

INDUSTRY NEWS
McCain Foods and Heinz to acquire Anchor Food Products
McCain Foods Ltd. announced in August that it will acquire the production facilities and foodservice business of Anchor Food Products Inc. in a three-party transaction. H.J. Heinz Co. will purchase the company’s branded products sold to retail outlets, including supermarkets and club stores.

The transactions, which are subject to regulatory review, are expected to close this fall. 

Anchor had sales of $503 million in 2000. The com…