Maple Leaf Foods says legal claims brought by Canada Bread in relation to an ongoing investigation into allegations of bread price fixing are manufactured and without merit.
1.
Tag Archives canada bread
Maple Leaf Foods defends against claims it used Canada Bread as a shield in price fixing investigation
Canada Bread takes legal action against Maple Leaf in bread price fixing matter
Canada Bread Company has taken legal action against Maple Leaf Foods in a move it says will protect its financial and legal interests in relation to an ongoing alleged bread price fixing matter.
Canada Bread fined $50 million over price-fixing
'Leniency' settlement follows breadmaker's guilty plea
A storied Canadian producer of bread and bakery products has a month to pay a $50 million fine for price-fixing in an ongoing federal probe which still has eyes on several major retailers. Ontario’s Superior Court on Wednesday sentenced Toronto-based Canada Bread Co. after the company pled guilty to four counts of fixing bread prices […] Read more
Canada Bread buys into organic craft bread market
A Toronto baking firm that grows and contracts its own organic grains in eastern Ontario is going to be an entry point in the craft bread market for Canada Bread. Canada Bread, the Canadian arm of Mexican baking giant Grupo Bimbo, announced Monday it had completed its deal to buy Stonemill Bakehouse Ltd. for an […] Read more
Canada Bread to shut Beauce-region bakery
Baked goods firm Canada Bread Co. plans to shut a pantry bread bakery in Quebec’s Beauce region and shift a nearby plant’s bread roll production to a third site in the province. The company, an arm of Mexican bakery firm Grupo Bimbo since 2014, announced Tuesday it will close its bakery at St-Come-Liniere, about 110 […] Read more
Bimbo to shut Canada Bread’s North Bay plant
Canada Bread, the Canadian arm of Mexican baked-goods giant Grupo Bimbo, plans to close its bakery at North Bay, Ont. later this summer. The company announced Wednesday it will begin to gradually wind down operations, transfer the plant’s work to its other bakeries in Quebec and Ontario and shut down the bakery effective Aug. 5. […] Read more
Canada Bread to shut Ben’s Bakery
The Canadian arm of Mexican baked goods giant Grupo Bimbo plans to wind down its Ben’s Bakery operations in Halifax starting this summer and close its plant in November. Canada Bread said Monday the sliced bread and English muffins made at its Halifax plant “can be produced at other bakeries in Atlantic Canada where there […] Read more
Maple Leaf reduces Q4 loss, hikes dividend
Reuters — Meat processor Maple Leaf Foods reported a smaller, but still disappointing, quarterly loss on Thursday, as it worked through a plan to close older packing plants. Even so, the company will double its quarterly dividend to eight cents. CEO Michael McCain said the move reflected confidence in the business outlook. Maple Leaf, one […] Read more
Canada Bread to buy Saputo snack cake business
Canada’s biggest dairy processor is set to sell its baked goods business to Canada Bread for $120 million cash. Montreal-based Saputo’s baked goods business is billed as Canada’s top producer of snack cakes, sold mainly in the Canadian retail market and “on a small scale” in the U.S. The company’s cakes are sold under the […] Read more
Cyber-Savvy Farmer
