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: 186

▶ 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

Food for Thought: From arts to agriculture, James Snyder saw big picture

Many of you may have read that James Snyder passed away suddenly in New Zealand, his second home. You may have no idea who he was, other than his love and involvement with local arts and culture. He truly enjoyed working with so many people who made Chatham-Kent a better place to live. I knew James for his love for the land and for his impact in the agriculture sector, not just here in Chatham-Kent, but across Ontario and Canada and in many parts of the world. In past columns, I’ve discussed people who have helped guide me, not only as a person, but also in my agriculture career. James Snyder was one of them. James was very proud of his British heritage. During my last visit, he took me through his downtown Chatham apartment, showing me every square foot — each of which had something of value to James. I met James when I started working for the Municipality of Chatham-Kent. I was working with Ron Anderson, our agriculture specialist, with whom James worked closely trying to expand

Agricultural Educator and Industry Leader Dr Tom Funk Remembered for Lasting Influence

Dr Tom Funk, a respected agricultural educator and leader at the University of Guelph, is remembered for his dedication to teaching, mentorship, and community service.

John Deere Becomes Official Tractor of Major League Baseball Ahead of America’s 250th Anniversary

John Deere and Major League Baseball have launched a new partnership.

What Distributed Energy Resources Mean for Canadian Producers

From solar panels to battery storage, distributed energy resources are giving Canadian farms new ways to control energy costs and build long term resilience.

FuelPositive Corporation Announces Filing of Annual and Interim Financial Statements and Upcoming Revocation of Management Cease Trade Order

FuelPositive Corporation (TSXV: NHHH) (OTCQB: NHHHF), the Company, announces that it has filed its audited annual financial statements, management's discussion and analysis, and related certifications for the year ended September 30, 2025, as well as its interim financial statements and management's discussion and analysis for the three months ended December 31, 2025. These filings were completed in accordance with the requirements of applicable Canadian securities laws and have been filed on SEDAR+. As previously disclosed, the Company was subject to a management cease trade order (the "MCTO") issued by the Ontario Securities Commission on January 29, 2026, in connection with the delay in filing its annual financial statements. With the completion of these filings, the Company has satisfied all continuous disclosure obligations relating to the default. The MCTO will be revoked by the Commission on April 2, 2026. The Company confirms that it is now current with its financial report

© 2026   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service