French firm buys Windsor Dainty Foods plant
Wednesday, February 11, 2015
The Windsor Star/Dave Waddell
The Dainty Foods plant in Windsor’s west end will have new owners after the Montreal-based corporation Mount Royal Rice Mills Ltd. accepted a $11-million offer from the French firm Marbour S.A.S. Tuesday.
MRRM will become a wholly-owned indirect subsidiary of Marbour. The deal won’t officially close until the middle of the calendar year.
“Marbour made the acquisition because they want a presence in North America. They chose MRRM as their foothold to break into that market. It’s a good news story for Windsor,” said MRRM spokesperson Lyla Radmanovich.
The Dainty Foods plant “is the one asset MRRM has and (Marbour) wanted it,” she said.
The Dainty Foods plant employs 75 people and processed 114 million pounds of rice last year.
The plant, which opened in 1966, has been continuously modernized by MRRM over the years.
Most recently, the plant underwent the multimillion-dollar installation of MRRM’s exclusive Time-Wise product technology, which cuts the cooking time for rice by two-thirds.