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: 167

▶ 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

Andrew Coyne: Canada’s Productivity Crisis is Now a National Security Issue

At the CrossRoads Crop Conference, the Globe and Mail columnist said slowing growth, aging demographics, and weak competition leave Canada dangerously exposed in an era of economic coercion. Andrew Coyne didn’t open with small talk. Speaking today at the CrossRoads Crop Conference in Edmonton, the Globe and Mail columnist said Canada is facing the “most serious economic and security crisis” of his lifetime — one that combines long-running domestic weaknesses with a rapidly shifting global order. Coyne framed the moment as a collision between two trends: Canada’s slowing economic growth and aging population, and a world where trade and security commitments are less reliable than Canadians have assumed. In that environment, he argued, Canada’s historic advantage — living next to the world’s largest economy and military — can quickly become a vulnerability. A foundational assumption is cracking Coyne’s core message was that Canada has built decades of policy — economic, fiscal, defence

Building a Herd That Works: EPDs, Genomics and Smart Genetic Investments

Julia and Robert operate a commercial cow-calf operation with a strong focus on making informed, strategic management and breeding decisions. They market all calves at weaning and have a goal to increase weaning weights by 20 pounds without sacrificing calving ease, which remains a key priority for both cow health and labour requirements. This year, they are looking to purchase one or two new herd sires. One afternoon at the kitchen table, coffee in hand, they were flipping through the latest bull sale catalogues full of glossy photos when they heard footsteps on the front porch. It was their trusted neighbour and fellow commercial cow-calf producer, Andy. “Bull shopping?” Andy commented when he saw the catalogues. “Trying to,” Julia replied with a puzzled glance, tapping a page covered in circled bull images. “Mind if I take a look?” asked Andy. Julia slid the catalogue over. “Sure. See what you think of our selections so far.” Andy was silent for a moment as he flipped through

Canola and Biofuels: Share Your Perspective

Canola oil is an excellent feedstock for biofuel production, offering farmers an additional domestic market opportunity for their canola crop. The national and provincial canola grower associations have come together to deepen our understanding of canola farmers’ views and knowledge about the connections between canola and biofuels. We’re interested in learning how farmers see the opportunities and challenges related to this growing market. Your feedback will help our organizations better inform policy discussions and strengthen our engagement with you. The survey takes about five minutes to complete, and all responses are anonymous. There are no right or wrong answers – we simply want to hear your perspective. Thank you for your participation! This survey is conducted in partnership with Canadian Canola Growers Association, BC Grain Producers, Alberta Canola, SaskOilseeds, Manitoba Canola Growers Association, and Ontario Canola Growers Association.

AAFC cuts hitting seven research sites

Canada’s ag sector is expressing concern over the full scope of cuts coming to Agriculture and Agri-Food Canada

Ag included in PM’s affordability measures

Producers can fully write off some greenhouses

© 2026   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service