McCain Employees Mourn the Loss of their Co-founder, Wallace McCain

TORONTO, May 14 /CNW/ - The employees of McCain Foods Limited were deeply saddened to learn of the death yesterday of our co-founder and friend, G. Wallace F. McCain.

"We hold Wallace close to our hearts," says Dale Morrison, president and CEO of McCain Foods Limited. "Our thoughts and deepest sympathies go out to Margaret and her family for their loss. Wallace was a visionary, a philanthropist and an icon of Canadian business, but to many of us here he was our neighbour, friend, colleague and mentor. His contributions to the success of McCain are immeasurable. He created many opportunities for many people. We will miss him. The best way I can think of to honour his memory is to continue building on the legacy he left behind. The spirit of our founders will live in all that we do."

In From the Ground Up, the 2007 book commemorating the 50th anniversary of McCain Foods Limited, Wallace writes of building the company with brother Harrison:

"We were two young guys, eager to have a business we could call our own, eager to succeed. We never really started out with grandiose ambitions. We used to think just maybe we could build a business that might make a million dollars. And we never really did it for the money. We just thought business was fun - it was a game and a challenge. We liked building things, and we loved the people we worked with. That's why we did what we did."

To learn more about the life of Wallace McCain, memorial arrangements and to leave messages of condolence, visit: www.wallacemccaintribute.ca.

McCain Foods Limited was founded in 1956 by Harrison and Wallace McCain with the support of brothers Andrew and Robert. Harrison McCain passed away in 2004. An international leader in the frozen food industry, McCain employs 20,000 people and operates 50 production facilities on six continents. A privately-owned company, headquartered in Toronto, Ontario, McCain generates annual sales in excess of CDN $6 billion. McCain is the world's largest manufacturer of frozen potato specialties and also produces a diverse range of frozen products, including pizza, appetizers, oven meals, juice and desserts. The company's products can be found in thousands of restaurants and supermarket freezers in more than 160 countries around the world. McCain also owns the Day & Ross Transportation Group, based in Hartland, New Brunswick, one of Canada's largest transportation companies.

SOURCE McCain Foods Limited

For further information:

Susan Rogers

Global Vice-President, McCain Foods Limited

416-955-1713/416-843-7517

susan.rogers@mccain.ca

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