MISSISSAUGA, ON, - Maple Leaf Foods Inc. (TSX: MFI) ("Maple Leaf Foods" or the "Company") today announced that, in connection with the previously announced spin-off of its pork operations to form Canada Packers Inc. (the "Transaction"), it has secured the necessary interim court order authorizing, among other things, the holding of the annual and special meeting of shareholders on June 11, 2025 (the "Meeting") to approve the Transaction, and has entered into certain pre-transaction agreements (the "Pre-Transaction Agreements"). As the Company takes these important steps to advance the Transaction, it has also announced the senior management team that will lead Canada Packers Inc., as an independent public company.
Benefits of the Transaction
The Transaction is a key step in advancing the Company's strategic Blueprint. Upon completion of the Transaction, Maple Leaf Foods will enter a bold new chapter as a focused, purpose-driven, and protein-centric consumer packaged goods company, and Canada Packers Inc. will emerge as a new independent public company that will be unleashed as a global leader in sustainably produced, premium quality, value-added pork products, with diversified revenue streams and a resilient business structure. Both companies will be uniquely positioned to meet the world's growing demand for sustainable protein, creating value for all stakeholders.
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