(MEATPOULTRY.com, July 22, 2008)
by Bryan Salvage
TORONTO ― Maple Leaf Foods Inc. intends to sell its Burlington, Ont., pork-processing business. The company is currently soliciting bids and anticipates a sale will be completed by the end of 2008.
Maple Leaf’s decision to sell the business results from a re-focusing of the company’s protein operations toward more value-added products. The transition involves divestiture or exit of several of primary processing businesses.
"Our Burlington business is well established, with long-standing customer relationships, a skilled and stable workforce and an excellent mix of value-added business," said Michael Vels, chief financial officer of Maple Leaf Foods. "It operates one of the more efficient pork processing plants in North America, strategically located close to high density markets. Our investments in the plant and our people have resulted in a profitable business that represents an excellent investment in the global pork processing industry."
The plant currently is processing 42,000 hogs per week, but has a processing capacity of up to 50,000 hogs per week.
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