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Slide #95. Maple Leaf Foods — Puratone Corporation
Maple Leaf Foods (TSE:MFI.CA)
Maple Leaf Foods announced that it has entered into a definitive agreement to acquire the Puratone Corporation, a leading Manitoba hog production company, for approximately $42 million including livestock, facilities and interests in some joint ventures. The transaction is expected to close within a month, subject to court and regulatory approvals.
Maple Leaf Foods is a Canadian-based value-added meat, meals and bakery company, serving wholesale, retail and foodservice customers across North America and internationally. Co.'s results are organized into three segments, (i) the Meat Products Group comprises value-added processed packaged meats; chilled meal entrees and lunch kits; value-added pork, poultry and turkey products; (ii) the Agribusiness Group includes Co.'s swine production and animal by-products recycling operations and (iii) the Bakery Products Group comprises Co.'s 90.0% ownership in Canada Bread Company, Limited, a producer of fresh and frozen par-baked bakery products. .
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