Maple Leaf Foods announced that it has closed the sale of its pork processing operation, located in Burlington, Ontario, to Fearmans Pork, Inc., an affiliate of Sun Capital Partners Inc. for approximately $20 million.
Maple Leaf Consumer Foods will maintain a very strong relationship with the Burlington business which will supply its eastern Canadian operations. There will also be a continued relationship with the Rothsay rendering business, which will continue to provide services to the Burlington operation.
Maple Leaf Foods Inc. is a leading Canadian food processing company headquartered in Toronto, Canada. The Company employs approximately 22,500 people at its operations across Canada and in the United States, Europe and Asia. The Company had sales of $5.2 billion in 2009.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in companies that can benefit from its in-house operating professionals and experience.
Source: Maple Leaf Foods Inc.