Core Points - Maple Leaf Foods has successfully completed the spin-off of its pork operations into a new entity called Canada Packers Inc., which will begin trading on the Toronto Stock Exchange under the symbol "CPKR" starting October 2, 2025 [1][2] - The spin-off is part of Maple Leaf Foods' strategy to focus on consumer packaged goods and meet the growing demand for sustainably produced protein [2] - Maple Leaf Foods retains a 16% ownership interest in Canada Packers and has established an evergreen supply agreement between the two companies [2][7] Company Overview - Maple Leaf Foods is a leading protein-focused consumer packaged goods company based in Mississauga, Ontario, producing a variety of food products under well-known brands [5] - Canada Packers is one of North America's largest producers of raised without antibiotics (RWA) pork, aiming to set the global standard in sustainable pork production [6] Leadership Statements - Curtis Frank, CEO of Maple Leaf Foods, emphasized the company's commitment to sustainability and innovation in meeting customer needs [2] - Dennis Organ, CEO of Canada Packers, expressed excitement about the new opportunities for growth and value creation as an independent public company [2] - Michael McCain, Executive Chair of both companies, highlighted the values-based cultures and commitment to long-term value for stakeholders [2]
Maple Leaf Foods Inc. Completes Spin-off of Canada Packers Inc.