TORONTO, May 14 /CNW/ - Frank McKenna today issued the following statement on the passing of Wallace McCain:

We salute today the passing of one of this country's greatest entrepreneurs, one of its most generous philanthropists and a wonderful man. Wallace's passing was a huge loss for Canada, particularly his beloved New Brunswick. Julie and I are deeply saddened by Wallace's passing. Our thoughts are with his devoted and loving wife, Margaret, his children Michael, Scott, Martha and Eleanor and their families during this very difficult time.

Wallace was a local hero, a national champion and a global leader. Along with his brother Harrison, he transformed Florenceville, a small town in New Brunswick, into the head office of one of the world's most successful food companies. McCain went on to become an iconic Canadian brand around the world. His second act proved equally successful. Maple Leaf Foods is a multinational company and home to some of Canada's best known and trusted brands.

There will never be another like Wallace McCain. He had a rare combination of energy, passion, business acumen and generosity. Julie and I were privileged to call him a true and wonderful friend. He will be sorely missed.