Ontario Agriculture

The network for agriculture in Ontario, Canada

Maple Leaf Launches Sale Process for Burlington Pork Plant....Any Speculation on Buyers? Thoughts?

Maple Leaf launches sale process for Burlington, Ontario, pork processing business

TORONTO, May 25, 2010 /PRNewswire via COMTEX/ --Maple Leaf Foods (MFI: TSX) today announced that it is launching a formal sale process for its Ontario pork processing business located in Burlington, Ontario, following renewed interest from potential purchasers and improved economic conditions and credit markets. The Company has engaged financial advisors to support the sale process.

 

"The sale of the Burlington business will complete the last phase of Maple Leaf's protein transformation journey and supports our commitment to refocus our growth in the value-added meat, meals and bakery business," said Michael Vels, Chief Financial Officer. "We are reinvigorating the sale process following renewed interest, including the potential of completing a sale to a producer group."

 

The 365,000 square foot Burlington facility is one of the largest and most efficient pork processing facilities in Canada. Together with its management and sales teams it is a profitable business with a highly skilled workforce.

Maple Leaf Foods Inc. is a leading Canadian food processing company headquartered in Toronto, Canada. The Company employs approximately 23,500 people at its operations across Canada and in the United States, Europe and Asia. The Company had sales of $5.2 billion in 2009.

 

SOURCE Maple Leaf Foods Inc.

Views: 254

▶ Reply to This

Replies to This Discussion

Permalink Reply by John Schwartzentruber on May 26, 2010 at 10:45am
Speculation? A consortium of feed millers and a trucking co. to name a couple of the probable suspects. Purely on speculation, but you asked . . .
Permalink Reply by pigsrgr8 on June 1, 2010 at 9:40am
I am sure Maple Leaf will not want to sell it to a new competitor.......they still want to process the meat and sell the value added Maple Leaf and Schneiders branded products.

I just hope they can find someone who wants it and will keep it running.
Permalink Reply by William Hardie on June 11, 2010 at 6:03am
I hope they sell it to someone who will keep it running for the employees. They are all hardworking people. I worked for Maple Leaf for 31 years and just retired last June. Good luck to all the employees!

▶ Reply to Discussion

RSS

Agriculture Headlines from Farms.com Canada East News - click on title for full story

Farming Forward in Watford scheduled for Dec. 1

The event will provide farmers with information about farm transition and funding opportunities

Canada and China extend Preliminary Joint Agreement until 2028

The extension means continued tariff-free access for canola meal

Manitoba Dealer AgWest Seeks Lifeline

One of Manitoba's largest equipment dealership networks has been given a temporary lifeline to stay in business while it seeks new financing, pursues a sale or develops a restructuring plan, as the Manitoba Court of King's Bench granted protection from creditors. AgWest Ltd. could be heading toward liquidation as the company was unable to meet payroll obligations in the middle of harvest season, according to a document filed by the company's bank, the Bank of Montreal. AgWest serves farmers at six dealerships in Manitoba at Elie, Morden, Brandon, Neepawa, Russell and Benito, as well as two locations in Saskatchewan at Weyburn and Yorkton. AgWest Ltd. has defaulted on more than $34 million in loans, according to an opening brief in a restructuring proceeding under Canada's Companies' Creditors Arrangement Act. "Since 2026, the AgWest entities have experienced significant financial difficulties, including liquidity challenges and a general inability to meet their obligations as they

Deere Plans 2 Iowa Plant Closures

John Deere announced plans to close two Iowa manufacturing plants in the next few years and move production to other cities, in a news release from the company on Wednesday. Deere said it will be closing its plant in Ottumwa, Iowa, after moving windrower and round-baler production to Des Moines. In addition, the company said it will end manufacturing at its Hagie plant in Clarion, Iowa, after moving STS sprayer production to Louisiana. Windrower production plans to move to Des Moines by the end of 2027 and round balers would follow by the end of 2028, according to Deere, followed by the closure of the plant in Ottumwa. Hagie STS sprayer production is slated to move to Thibodaux, Louisiana, beginning in 2028 with manufacturing ending in Clarion, Iowa, by the end of 2029. John Deere did not provide employment numbers or say how many jobs would be affected, although other media outlets on Wednesday reported the company has about 700 workers at the Ottumwa plant. The number of employee

Diesel Fuel Waivers Bring Engine Compatibility Concerns and Tax Rule Questions

Responding to the surge in diesel fuel prices, federal and state lawmakers introduced temporary measures intended to provide economic relief. These actions raise questions about fuel use requirements and fuel taxation. “Temporary relief measures may help reduce operating costs, but diesel users should not assume that all diesel fuels are interchangeable,” said Allen Schaeffer, executive director of the Engine Technology Forum. “Understanding which fuel is appropriate for a particular engine and complying with tax and regulatory requirements can help avoid equipment damage, unnecessary maintenance costs, warranty concerns, and compliance issues.” Texas and Alaska get ULSD exemptions Ultra-low sulfur diesel (ULSD) is the standard diesel fuel used for both on-highway and off-highway applications throughout the United States, and it is regulated to a maximum sulfur content of 15 parts per million (ppm). On Oct 5, Texas was granted a waiver to supply diesel fuel with up to 500 ppm of sul

© 2026   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service