'Too logical to ignore': Maple Leaf to spin off pork business into new public company

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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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
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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.
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