Maple Leaf Foods has revealed plans to separate its pork production operations into an independent public company. This move aims to enhance growth and industry leadership for both entities. Maple Leaf Foods will continue its commitment to sustainable food manufacturing in Canada, while the new pork company will operate under a yet-to-be-announced name.
Maple Leaf Foods will retain a 19.9% ownership in the new Pork Company and establish a secure pork supply agreement. The separation, expected to complete in 2025, will allow both companies to focus on distinct growth strategies and investment opportunities.
This strategic decision underscores Maple Leaf Foods’ dedication to sustainability and innovation in the protein industry, promising significant opportunities for customers, employees, suppliers, and shareholders.
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