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Maple Leaf plans to draw on credit facility for Field Roast purchase
By Wendy Van Sickle
Columbus, Ohio, Nov. 30 – Maple Leaf Foods plans to borrow under its existing credit facility to fund a portion of its acquisition of Field Roast Grain Meat Co. for $120 million plus related expenses, according to a press release.
The company also plans to use cash on hand in the acquisition, which is expected to close by the end of 2017.
Maple Leaf Foods is a Toronto-based food processing company. Based in Seattle, Field Roast is a brand of premium grain-based “meat” and vegan cheese products.
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