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.
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