Canada’s Maple Leaf Foods to Spin Off Pork Unit Amid Growth Push

Maple Leaf Foods, one of Canada’s largest food companies, is spinning off its pork division in a push to expand growth opportunities while reducing exposure to volatile commodity markets.

Maple Leaf Foods will retain a 19.9% stake in the new pork company, the Mississauga, Ontario-based company said in a Tuesday statement. The yet-to-be-named pork company will supply meat at market prices to Maple Leaf Foods while tapping its North American sales network.