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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 is a producer of food products under brands including Maple Leaf®, Maple Leaf Prime®, Schneiders®, Mina®, Greenfield Natural Meat Co.®, Swift®, Lightlife®, and Field Roast Grain Meat Co.. Co.'s portfolio includes prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry and plant protein products. Co. has two segments: Meat Protein amd Plant Protein. The Meat Protein segment is comprised of prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry products. The Plant Protein segment is comprised of refrigerated plant protein products, grain-based protein and vegan cheese products.
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