Correcting...Maple Leaf Foods Completes Burns/Gainers Acquisition.TORONTO--(BUSINESS WIRE)--Oct. 29, 1996--MAPLE LEAF FOODS(ME, TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). MFI MFI Microfinance Institution MFI Money Flow Index MFI Melt Flow Index MFI Median Family Income MFI Malaria Foundation International MFI Massachusetts Family Institute MFI Multi-port Fuel Injection (automobile) .) Company committed to establishing world-class fresh pork and meat processing operation in Western Canada
Western Canada, commonly referred to as the West - includes expansion of Signature Pork(TM) Program. Maple Leaf Foods Maple Leaf Foods TSX: MFI is a major Canadian food processing company. The company was originally known as Maple Leaf. It was founded in 1927 as a merger of several major Toronto meat packers, most prominently William Davies Co. Inc., Canada's largest food processing Food processing is the set of methods and techniques used to transform raw ingredients into food for consumption by humans or animals. The food processing industry utilises these processes. company, announced Tuesday that, having successfully received regulatory approvals, it has completed the acquisition of the fresh pork and prepared meat operations of Burns Foods, including the Gainers Division, announced September 16. Larry Harding is confirmed as President of Burns Meats and Gainers, both divisions of Maple Leaf maple leaf of Canada. [Flower Symbolism: Jobes, 283] See : Flower Or Plant, National Meats. "Maple Leaf Foods is committed to competing in global pork markets and are pleased to be able to work with western producers to provide an expanded range of products to consumers," said Archie McLean, Chief Executive Officer of Maple Leaf Foods. "The Burns/Gainers division provides us with a solid base to grow our position in Asian and other global markets. We are committed to the western regions we are operating in and look forward to establishing collaborative relationships with producers and creating a constructive working environment for our employees," said Michael H. McCain, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Maple Leaf Foods. Part of Maple Leaf Foods' strategy is the western roll-out of its Signature Pork(TM) Program. Launched in Ontario this past summer, it is the most comprehensive pork production system ever introduced in Canada. It is designed to reward production of consistent quality hogs which will meet the demanding specifications of domestic and global customers. Signature Pork(TM) benefits producers by providing incentives for quality hogs, risk management tools and contracts for long-term financial stability. The net result is that producers can predict cash flow while expanding their operations and adopting new technology. Consumers benefit from improved pork quality and more competitive prices. "Signature Pork(TM) is a program where everybody wins- producers, consumers and our stakeholders." explained Michael McCain. "We look forward to working with Western producers to adapt the program to meet their specific regional needs and to launching this truly world-class initiative in Western Canada." Maple Leaf Foods is Canada's largest food processing company with operation across Canada, in the United States, Europe and Asia. The company's products include fresh and prepared meats, poultry, fresh and frozen bakery products, seafood and animal feeds. Its products are sold to retail, food service, agricultural and industrial customers. CONTACT: Fleishman-Hillard Linda Smith (Media Contact), 416/214-0701 or Maple Leaf Foods Inc. Tom Muir (Investor Relations Investor relations The process by which the corporation communicates with its investors. Contact), 416/926-2050 |
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