Wallace McCain

About Wallace McCain

Birth Day: April 09, 1930
Birth Place: Canada
Died On: May 13, 2011(2011-05-13) (aged 81)\nToronto, Ontario
Birth Sign: Taurus
Cause of death: Pancreatic cancer
Residence: Toronto, Ontario
Alma mater: Mount Allison University
Occupation: executive
Known for: Co-founder of McCain Foods Limited
Spouse(s): Margaret McCain
Relatives: Harrison McCain, brother (deceased) Andrew McCain, brother (deceased) Michael McCain, son
Awards: Order of Canada Order of New Brunswick

Wallace McCain


Food and Beverage

Wallace McCain is a member of Food and Beverage born on April 09, 1930 in Canada. As of 2018 Wallace McCain net worth is approximately $2.3 Billion. Forced out of McCain Foods' day-to-day operations in the 1990s after family feud; remains vice chairman with one-third stake in the company, which is the world's largest producer of frozen french fries.

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💰 Net worth: $2.3 Billion

2010 $2.3 Billion
2011 $2.3 Billion
2018 $2.3 Billion

Biography/Timeline

1951

Born in Florenceville, New Brunswick, to the owner of a seed potato exporting Business, he received a Bachelor of Arts from Mount Allison University in 1951.

1956

McCain co-founded McCain Foods Limited in 1956 with his brother Harrison McCain, building it into one of the world's largest frozen food companies. In the 1990s a prolonged legal dispute between Harrison and Wallace over succession to the company leadership ended with the departure of Wallace's sons Michael and Scott McCain from McCain Foods. Father and son moved to Maple Leaf Foods.

1995

In 1995, he was made an Officer of the Order of Canada for being "one of Atlantic Canada's most notable entrepreneurs" and was promoted to Companion in 2008. In 1993, he was inducted into Canadian Business Hall of Fame and the New Brunswick Business Hall of Fame in 1997. In 2003, he was awarded the Order of New Brunswick.

2004

Wallace and Harrison were estranged after the fallout from their McCain Foods dispute. In 2004 there was rapprochement between the brothers when Wallace visited Harrison who was sick in the hospital. Wallace has also been a confidante to McCain Foods' non-family executives who now run the firm. [1]

2011

McCain died on May 13, 2011 of pancreatic cancer. He was 81. He was residing in Toronto, Ontario at the time of his death.

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