Maple Leaf Foods exploring strategic alternatives for its bakery business
Maple Leaf Foods announced that it is exploring strategic alternatives for its Bakery business, including a potential sale of the company's 90% ownership interest in Canada Bread Company Ltd.
Maple Leaf embarked on a strategy seven years ago to increase scale, productivity and profitability in its protein operations. The company is now in the final phase of executing this strategy, which is on track to be completed by 2015 and is expected to deliver significant returns to shareholders.