A new $660 million plant at London, Ont. will house Maple Leaf Foods’ Ontario fresh poultry processing operations by mid-2021 as the food processing firm prepares to shut three older facilities. Toronto-based Maple Leaf announced Monday it will build a 640,000-square foot plant at London, billed as “one of the most technologically advanced poultry-processing plants […] Read more
Maple Leaf to consolidate Ontario poultry processing
Comment: Increasingly, food must not only taste good, but ‘feel good’
Flavour and price still count, but more people want food that appeals to their social conscience
Reading Time: 3 minutes Sometimes deciding what to feed the family after a long, arduous day juggling daycare, jobs, and traffic seems overwhelmingly complicated. If a recent press release from the U.S.-based Tyson Innovation Lab is any indication, deciding what we’re going to put into our mouths next is about to get more cluttered with new products, new language, […] Read more
Maple Leaf buys further into ‘meat’ market
One of Canada’s biggest packaged meat companies is further expanding its space on the non-animal protein shelf with a deal for U.S. processor Field Roast Grain Meat. Maple Leaf Foods announced Nov. 30 it will pay US$120 million (C$153.9 million) for the Seattle-based company, which makes and markets premium grain-based “meat” and vegan cheese products. […] Read more
Maple Leaf Q3 profit beats on overall sales growth
Reuters — Maple Leaf Foods, one of Canada’s biggest pork processors, posted a quarterly profit that beat analysts’ estimates, helped by growth across all its businesses. The company, whose brands include Schneiders, Maple Leaf and, since March, Lightlife, said adjusted operating earnings rose to $65.15 million in the third quarter from $61.52 million a year […] Read more
PED’s spread alarms piglet-exporting Manitoba
Winnipeg | Reuters — The deadly pig disease PEDv (porcine epidemic diarrhea virus) is spreading faster than expected in Manitoba, Canada’s biggest piglet-producing province. The number of cases since the beginning of May, now at 10, matches the total from the past three years combined, although the outbreak is not comparable in scale to PEDv’s […] 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 to buy U.S. veggie dog, burger maker
Canadian meat packer Maple Leaf Foods is buying space on the non-meat side of the deli section with a deal for U.S. processor Lightlife Foods. Toronto-based Maple Leaf announced Tuesday it would pay US$140 million for Lightlife, which makes vegetarian burgers, hot dogs, sausage, deli cuts, jerky and other meatless protein products at Turners Falls, […] Read more
Maple Leaf to shut southern Ontario turkey plant
Maple Leaf Foods plans to outsource all its fresh turkey processing to another company’s southern Ontario plant in 2018 after shutting its own operation. The company announced Tuesday it will close its plant at Thamesford, Ont., east of London, after phasing its production over the next 18 months into Sofina Foods’ plant at Mitchell, about […] Read more
Canada’s Maple Leaf Foods profit beats estimates
Canadian meat processor Maple Leaf Foods reported a quarterly profit that squeezed past estimates as lower operating costs and increased pricing more than offset a fall in volumes in its meat products business. The company, whose brands include Schneiders and namesake Maple Leaf, recently completed a program started in 2010 to boost earnings by shutting […] Read more
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