Maple Leaf Foods is spinning off its pork business into a new publicly traded company, the firm announced Tuesday.
"We operate two very successful, but very distinctive businesses — one a consumer packaged goods company, the other a world-leading pork complex," Frank said. The two companies will also enter into an evergreen pork supply agreement, with the new pork company continuing to provide Maple Leaf Foods with a secure supply of pork at market prices for its prepared foods business.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.
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