McCain Foods Company Research Report

Company Overview

• Name: McCain Foods Limited

• Mission: Celebrating real connections through delicious, planet-friendly food.

• Founded: 1957

• Founders: The McCain brothers (Wallace, Harrison, Robert, and Andrew)

• Key People:

• Max Koeune, President & CEO

• Peter Dawe, Chief Growth & Strategy Officer

• Alison DeMille, Chief Human Resources Officer

• Ben Almanzar, Chief Financial Officer

• Manoj Kumbhat, Chief Technology & Information Officer

• Philippe Thery, Chief Agriculture Officer

• Attila Tamer, Chief Manufacturing and Operations Officer

• Headquarters: Toronto, Canada

• Number of Employees: Approximately 22,000

• Revenue: Annual sales in excess of $14 billion CAD

• Known For: World's largest manufacturer of frozen potato products and a global leader in prepared appetizers and snacks. One in every four fries in the world is a McCain Foods fry.

Products

• Delicious Fries:

• Known for a wide range of French fries, from potato to sweet potato, available in various cuts and cooking methods.

• Potato Creations:

• Includes jacket potatoes, wedges, croquettes, mash, lattice fries, and more.

• Tasty Appetizers:

• Offers onion rings, cheese nuggets, breaded mushrooms, cheese sticks, and stuffed jalapenos.

• Scrumptious Pizzas:

• Pizzas and pizza pockets available for family sharing and convenience.

• Delightful Desserts:

• A range of desserts perfect for celebrations and treats.

Recent Developments

• Innovation and Sustainability Initiatives:

• Expansion of Innovation Hub farms in North America focusing on regenerative agriculture. Farms established in Alberta, Wisconsin, and Maine, and innovations addressing soil erosion, water insecurity, nutrient management, etc.

• Investment led by McCain Foods with the McKenna Institute on digital agriculture to progress regenerative farming practices, establishing a digital twin of McCain’s Farm of the Future.

• The third year report from Farm of the Future Canada showcasing success in sustainable farming practices, soil health, water management, and biodiversity from regenerative practices.

• Partnerships and Investments:

• A $3.75 million investment in digital agriculture initiatives to enhance sustainability in farming and dedicated $2.76 million over five years for regenerative agriculture practices globally.

• Collaboration with BNP Paribas Bank Polska in Poland for regenerative agriculture programs.

• Three-year partnership with Toronto Blue Jays, naming McCain Foods as the Official French Fries of the team.

• Innovative Agricultural Projects:

• Launch of Presia Ag Insights business unit to support on-farm resilience and adoption of regenerative practices.

• Awarded $6.9 million for sustainable potato-growing projects in Wisconsin and Maine through collaboration with partners.

Key Features of Products

• Fries and Potato Products:

• Variety to cater to different preferences and conveniences, including options for healthier cooking and varied textures.

• Appetizers and Snacks:

• Diverse range available to suit meals and standalone snack offerings, focusing on taste and quality.

• Pizzas:

• Focus on taste and convenience, promoting family meal settings.

• Desserts:

• Treat-focused offerings, aiming to complete meals with satisfying endnotes.

McCain Foods Limited continues to leverage its innovative approaches and extensive partnerships to lead in sustainable practices while providing quality food products across global markets.