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Tag Archives Maple Leaf Foods

Hogs, Livestock, News

Maple Leaf to buy Puratone

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Maple Leaf Food’s agreement to purchase the Niverville-based Puratone Corporation is good news for Manitoba hog producers, according to Manitoba Pork Council. “We’re happy to see that a Canadian company has purchased Puratone,” said council chairman, Karl Kynoch. “We want to see plants here that can compete with their American counterparts.” With two of the
News

Maple Leaf Foods profit falls 24 per cent

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Canadian food processor Maple Leaf Foods reported a 24 per cent drop in quarterly profit Oct. 31, after the company took a $13-million charge in the value of its hogs. Net earnings for the third quarter ended Sept. 30 fell to $32.6 million, or 22 cents per share, from $43 million, or 29 cents, a
Livestock

Maple Leaf has contingency plans

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Maple Leaf Foods is examining its options after competitor Olymel placed a “stalking horse” bid on Big Sky Farms of Saskatchewan. Big Sky is a supplier for Maple Leaf’s Brandon facility, but went into receivership earlier this fall. “We don’t expect any short-term impact on our hog supply and we have several contingency plans in
Hogs, Livestock, Livestock Markets, News

Maple Leaf searching for hog suppliers

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Fears of a worldwide bacon shortage are overblown, but local processors are searching for new hog suppliers even as some producers cut their losses and depopulate their barns. “Unfortunately, there will be some producers who do exit this industry,” said Jason Manness, director of procurement for Maple Leaf Foods. “As a result, we are currently
Beef cattle, News

CFIA officials reviewing XL procedures

The number of Canadian confirmed cases of E. coli from the XL beef plant at Brooks, Alta. had reached 11 by press time Monday. Meanwhile, the beef recall had spread from North America to Hong Kong. The Hong Kong Centre for Food Safety had advised local companies to stop selling and to recall “a small
Hogs, Livestock, Livestock Markets, News

Puratone, Big Sky in receivership

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Industry observers are worried processors could soon be scrambling for hogs as two of Canada’s largest producers tipped over the financial ledge last week and governments refused to ride to the rescue. “Obviously the challenge that we currently face is producers are exiting the business,” Jason Manness, director of procurement at Maple Leaf Foods said
News

Ritz says budget cuts won’t affect food safety

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Agriculture Minister Gerry Ritz is brushing off accusations that cuts at the Canadian Food Inspection Agency will eliminate the jobs of 100 veterinarians and inspectors. Reductions will be predominantly “backroom changes,” said Ritz. “Anyone who says this will affect food safety is off the mark,” he said. But the president of the agriculture division of
Livestock

Maple Leaf Foods Adopts Rights Plan

WINNIPEG/REUTERS Maple Leaf Foods has adopted a shareholder rights plan and its chief executive is acquiring nearly a third of its shares, prompting speculation a takeover attempt could be in the works. The Canadian food processor denied that the poison pill was in response to any actual or anticipated transaction, saying it merely replaced a
News

Maple Leaf Gives West Face CEO A Seat On Board

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Maple Leaf Foods appointed the head of investment fund West Face Capital to its board Feb. 3, bringing in a leading activist shareholder who has been critical of corporate governance at the Canadian food processor. West Face chief executive Gregory Boland joins the board six months after the Torontobased investment fund took a stake in
Hogs, News

In Brief… – for Dec. 23, 2010

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Strikes doused:Collective bargaining disputes involving unionized part-time rural firefighters would be settled by binding arbitration and no work stoppages would be permitted under proposed legislation introduced this month by Labour and Immigration Minister Jennifer Howard. “This legislation will ensure that all unionized firefighters are treated the same and that work stoppages don’t affect public safety

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