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Maple Leaf to continue focus shift with pork plant sale

26-May-2010

Related topics: Business

Maple Leaf Foods has put its pork processing business in Ontario up for sale as part of its strategy to focus on packaged meat and minimise costs.

The sale would allow the firm to consolidate its pork processing operations to one facility in Brandon, Canada.

Michael Vels, company chief financial officer, said the decision to sell the 365,000 square foot pork processing site “supports our commitment to refocus our growth in the value-added meat, meals and bakery business”.

In light of an improved economic market, Vels said: "We are reinvigorating the sale process following renewed interest, including the potential of completing a sale to a producer group."

Maple Leaf Foods announced full company profits of $5.2 billion in 2009.