MISSISSAUGA, Ont. — Maple Leaf Foods Inc. announced plans Tuesday to spin off its pork business into a new publicly traded company.
“As separate companies, Maple Leaf Foods and the new pork company will each have exciting prospects, a sharpened execution focus with its own dedicated management team, and the financial independence to pursue its own value creation strategy,” Maple Leaf chief executive Curtis Frank said in a statement.
Maple Leaf will continue to be led by Frank, while the new pork company will be led by Dennis Organ, who joined Maple Leaf Foods in February 2023 as president, pork complex.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Maple Leaf Foods plans to split into two independent public companiesMaple Leaf Foods will retain a 19.9% ownership position in the newly formed Pork Company, and the two companies will enter into an evergreen pork supply...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Maple Leaf Foods to spin off pork business into new public companyMISSISSAUGA, Ont. — Maple Leaf Foods Inc. says it plans to spin off its pork business into a new publicly traded company.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Maple Leaf Foods to spin off pork business into new public companyUnder the plan, existing Maple Leaf shareholders will receive shares in the new company, while Maple Leaf will keep a 19.9% ownership position
Source: globeandmail - 🏆 5. / 92 Read more »
Maple Leaf Foods to spin off pork business into new public companyMaple Leaf Foods Inc. says it plans to spin off its pork business into a new publicly traded company.
Source: CTVNews - 🏆 1. / 99 Read more »
Maple Leaf Foods to spin off pork business into new public companyMISSISSAUGA, Ont. — Maple Leaf Foods Inc. announced plans Tuesday to spin off its pork business into a new publicly traded company. With the deal, Maple Leaf said it will be a more focused brand-led consumer packaged goods company.
Source: SooToday - 🏆 8. / 85 Read more »
Maple Leaf Foods to spin off pork business into new public companyMaple Leaf Foods Inc. announced plans Tuesday to spin off its pork business into a new publicly traded company.
Source: BNNBloomberg - 🏆 83. / 50 Read more »