Maple Leaf Foods acquires chicken processing plant, four pig farms

Maple Leaf Foods Inc. completed its previously announced purchase of a poultry processing plant located near Schomberg, Ontario, together with the associated poultry supply.

The purchase was completed in accordance with the exercise of a put option by the vendors, Certm Inc. and certain related companies, which was part of a 2018 purchase and sale agreement pursuant to which Maple Leaf Foods previously acquired two other poultry plants and associated poultry supply.

The acquisition aligns with Maple Leaf Foods' overall strategy to continue to build its nutritious meat protein business.

In a separate announcement, Maple Leaf Foods has reached an agreement to purchase four pig farms in central Saskatchewan from a group of companies known as Polar Pork. The acquisition will enhance Maple Leaf Foods' overall pig supply and substantially increase its pig production capacity in the province.

The purchase, which is expected to close in June 2022 subject to satisfaction of closing conditions, includes two sow barns and two nursery barns with the potential to supply approximately 140,000 pigs to Maple Leaf Foods. The security of supply that this strategic acquisition provides to Maple Leaf Foods is directly tied to its plans to continue to grow production at its flagship pork processing plant in Brandon, Manitoba in order to increase its supply of high-quality meat to key customers in domestic and international markets.

“This purchase offers us ready access to some of the healthiest hogs in Saskatchewan that will allow us to enhance our deliveries of high-quality pork to customers in Canada and Asia,” said Michael Detlefsen, President of the Maple Leaf Foods Pork Complex. “Bringing these barns into Maple Leaf Foods aligns with our strategy to pursue growth both domestically and abroad.”

“We are very impressed with the skill the Possberg family and the team at Polar Pork have brought to the operation of these barns,” Detlefsen added. “Based on this foundational work, Maple Leaf Foods is well positioned to build on its strengths and high standards to raise healthy pigs in Saskatchewan and produce high quality pork.”

Source: Maple Leaf Farms

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