Canadian food processor Maple Leaf Foods is taking its recently-established sustainability cred to the bank. The Toronto food firm announced Wednesday it’s the first Canadian company to secure “sustainability-linked terms” for its credit facilities. Specifically, the company has picked up an unsecured committed revolving line of credit and two unsecured committed term facilities for a […] Read more
Maple Leaf lands ‘sustainability-linked’ credit
Beyond Meat’s new competitor: Tyson’s pea-and-meat blended burger
Reuters — U.S. meat processor Tyson Foods on Thursday launched its first vegetarian and mixed-protein products, including a beef and pea burger, as it seeks to compete with Beyond Meat and other companies catering to rising demand for plant-based alternatives to meat. Tyson is betting that meat eaters wanting healthier diets will see their blend […] Read more
Maple Leaf quarterly profit misses estimates as costs rise
Reuters — Packaged meat producer Maple Leaf Foods reported a lower-than-expected quarterly profit on Thursday, hit by higher costs as it invested more in new initiatives and capacity expansion. The company has been keen on expanding in the U.S., seeing growth opportunities in humanely raised animal products and alternative protein sources. In April, the company […] Read more
Loose housing is a winning approach, says Canadian pork giant
Open sow housing is better for pigs, people, and profits, says Maple Leaf Foods executive
Reading Time: 4 minutes Many questioned whether it would work, but Maple Leaf Foods says open housing is a superior way to raise sows — and will have that system in all of its barns years before it becomes mandatory. “This is part of our vision to be the most sustainable protein company on Earth — part of that […] Read more
Maple Leaf to buy Quebec pepperoni processor
Meat processor Maple Leaf Foods plans to boost its space in the pepperoni and dry-cured meats market with a deal for Montreal-based Viau Foods. Toronto-based Maple Leaf announced Tuesday it will pay $215 million, including $30 million in Maple Leaf shares, for Viau, which today bills itself as “Canada’s most important independent producer of pepperoni.” […] Read more
Pork supply issues hit Maple Leaf’s Q1 ledger
Reuters — Meat packer Maple Leaf Foods posted a smaller-than-expected quarterly profit as lower prices and a temporary interruption in supplies hurt sales of its pork products, sending its shares to their lowest in nearly two years. The company, one of Canada’s biggest pork processors, said that processed fresh pork sales were affected by a […] Read more
Maple Leaf posts higher-than-expected profit
Reuters — Meat-packing company Maple Leaf Foods reported a better-than-expected quarterly profit, driven by increased retail sales in Canada and higher exports. The company, whose brands include Schneiders and namesake Maple Leaf, said adjusted operating earnings rose 10 per cent to $59 million in the first quarter ended March 31. Maple Leaf, which is Canada’s […] Read more
Cash-rich Maple Leaf sees abundant U.S. opportunities
Reuters — Canadian meat packing company Maple Leaf Foods is hunting for acquisitions in the U.S., after years spent upgrading old factories and shedding business lines, its CEO said on Wednesday. Maple Leaf, which reported on Wednesday its profits doubled in the fourth quarter, sees growth opportunities from meat produced humanely and without antibiotics, and […] Read more
Maple Leaf Foods allows McCain to boost stake
Reuters — Canadian meat processor Maple Leaf Foods reported a smaller-than-expected profit on Wednesday and also said it would allow its biggest shareholder to take a bigger stake in the company. The company said CEO Michael McCain and an affiliated company, McCain Capital Inc., could now bump up their stake to as much as 45 […] Read more
Maple Leaf profit jumps by over 70 per cent
Reuters — Meat processor Maple Leaf Foods on Wednesday reported a 70.4 per cent jump in quarterly profit as lower costs and higher prices boosted earnings at its prepared meats business. Maple Leaf said adjusted operating earnings in its meat products unit, the company’s primary source of income, more than doubled to $65.93 million in […] Read more
Cyber-Savvy Farmer
