Maple Leaf Food’s pork division, set to separate into an independent company, will be named Canada Packers.
“This choice reflects our deep respect for the history and legacy of this iconic brand, while affording us the opportunity to bring it forward and blend it with our ambitious vision for the future as a world-leading pork producer,” said pork division president Dennis Organ in a news release.
Organ is set to be CEO of Canada Packers.
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Maple Leaf announced in July it would split off its pork division into an independent entity. It will retain a 19.9 per cent ownership of the pork business.
The two companies will form an “evergreen” pork supply agreement to provide Maple Leaf with pork, and Canada Packers with a secure “anchor customer,” the news release said.
The separation is set for some time next year.
Maple Leaf will continue to produce consumer packaged goods, the news release said.
Maple Leaf Foods Inc was formed in 1991 when Canada Packers merged with Maple Leaf Mills Ltd, according to Maple Leaf’s website.
Canada Packers formed in 1927 when the Harris Abbatoir Company and the William Davies Company Ltd merged, the Manitoba Historical Society’s website says.
