Corporate Foods Limited announces acquisition.
Bella Pasta specializes in the production of fresh frozen pasta, sauces and entrees primarily for the Ontario food service market.
The acquisition compliments Corporate Foods' wholly-owned subsidiary, Olivieri Foods Limited located in Vancouver which is the leading producer of fresh, flat and filled pasta and sauces in Canada.
David H. Lees, President and Chief Executive Officer of Corporate Foods, stated that "This acquisition gives us a manufacturing facility and a presence in Ontario for our pasta and sauce business which represents an exciting growth category for Corporate Foods." Archie McLean, Chairman of Corporate Foods and Chief Executive Officer of Maple Leaf Foods, said "The Bella Pasta acquisition along with the recently announced intention to purchase Venice Bakery and the acquisition of Cambridge Bakery by Maple Leaf Foods USA reflects Maple Leaf Foods' commitment to profitable growth through strategic acquisitions of value-added branded businesses."
Corporate Foods Limited, which is 69 percent owned by Maple Leaf Foods Inc., is Canada's leading manufacturer and distributor of bakery products sold under the company's own brands and private label brands to the retail and food service industry.
CONTACT: Corporate Foods Limited
David H. Lees, 416/622-2040
Olivieri Foods Limited
Carl T. Sparkes, 905/560-6200
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|Date:||Apr 15, 1996|
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