This comes after renewed interest from potential purchasers and better economic and credit markets. “The sale of the Burlington business will complete the last phase of Maple Leaf’s protein transformation journey and supports our commitment to refocus our growth in the value-added meat, meals and bakery business,” Michael Vels, chief financial officer, said in a company release. “We are reinvigorating the sale process following renewed interest, including the potential of completing a sale to a producer group.”
Promoted as one of the largest and most efficient pork-processing facilities in Canada, the 365,000-square-foot factory is part of a system that employs 23,500 across Canada, the U.S., Europe and Asia. In 2009, company sales reached $5.2 billion.