Maple Leaf Foods has revived plans to sell a pork processing plant in Ontario after the Canadian food group delayed the sale at the height of the financial crisis.
The company said today (25 May) economic conditions and credit markets had improved and revealed that it had received “renewed interest” from potential suitors.
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“The sale of the Burlington business will complete the last phase of Maple Leaf’s protein transformation journey and supports our commitment to refocus our growth in the value-added meat, meals and bakery business,” said CFO Michael Vels.
“We are reinvigorating the sale process following renewed interest, including the potential of completing a sale to a producer group.”
