Canadian food processor Maple Leaf Foods is taking its recently-established sustainability cred to the bank. The Toronto food firm announced Wednesday it’s the first Canadian company to secure “sustainability-linked terms” for its credit facilities. Specifically, the company has picked up an unsecured committed revolving line of credit and two unsecured committed term facilities for a […] Read more
Tag Archives maple leaf foods
Maple Leaf lands ‘sustainability-linked’ credit
Maple Leaf hits carbon neutral
The company has been working throughout its operations to reduce environmental impact
Maple Leaf Foods says its operations are carbon neutral, a status achieved through improvements in its own operations and investments in offsets elsewhere. The company claims to be the first major food company to be able to say that it is carbon neutral. Why it matters: Major operations decisions by large companies almost always have […] Read more
Beyond Meat’s new competitor: Tyson’s pea-and-meat blended burger
Reuters — U.S. meat processor Tyson Foods on Thursday launched its first vegetarian and mixed-protein products, including a beef and pea burger, as it seeks to compete with Beyond Meat and other companies catering to rising demand for plant-based alternatives to meat. Tyson is betting that meat eaters wanting healthier diets will see their blend […] Read more
Maple Leaf quarterly profit misses estimates as costs rise
Reuters — Packaged meat producer Maple Leaf Foods reported a lower-than-expected quarterly profit on Thursday, hit by higher costs as it invested more in new initiatives and capacity expansion. The company has been keen on expanding in the U.S., seeing growth opportunities in humanely raised animal products and alternative protein sources. In April, the company […] Read more
Editorial: New chicken plant a needed investment
The contrast between the announcement of the closure of the General Motors auto plant in Oshawa, and the launch of the new Maple Leaf Food poultry processing plant couldn’t be more stark. It’s a difference between a sector being disrupted and in decline, and one that continues to grow and draw investment. Mark Brock, past […] Read more
Maple Leaf Foods says group sow housing switch moving quickly
Maple Leaf Foods says it is on track to be the first large-scale producer to completely shift to open sow housing
Glacier FarmMedia – Maple Leaf Foods expects to complete its change to open sow housing with years to spare. The company has completed more than half of its transition, according to Dr. Greg Douglas, vice-president of animal care. Along the way the company has learned a lot about housing and managing sows in groups. Why […] Read more
Maple Leaf to buy Quebec pepperoni processor
Meat processor Maple Leaf Foods plans to boost its space in the pepperoni and dry-cured meats market with a deal for Montreal-based Viau Foods. Toronto-based Maple Leaf announced Tuesday it will pay $215 million, including $30 million in Maple Leaf shares, for Viau, which today bills itself as “Canada’s most important independent producer of pepperoni.” […] Read more
Pork supply issues hit Maple Leaf’s Q1 ledger
Reuters — Meat packer Maple Leaf Foods posted a smaller-than-expected quarterly profit as lower prices and a temporary interruption in supplies hurt sales of its pork products, sending its shares to their lowest in nearly two years. The company, one of Canada’s biggest pork processors, said that processed fresh pork sales were affected by a […] Read more
Maple Leaf posts higher-than-expected profit
Reuters — Meat-packing company Maple Leaf Foods reported a better-than-expected quarterly profit, driven by increased retail sales in Canada and higher exports. The company, whose brands include Schneiders and namesake Maple Leaf, said adjusted operating earnings rose 10 per cent to $59 million in the first quarter ended March 31. Maple Leaf, which is Canada’s […] Read more
Cash-rich Maple Leaf sees abundant U.S. opportunities
Reuters — Canadian meat packing company Maple Leaf Foods is hunting for acquisitions in the U.S., after years spent upgrading old factories and shedding business lines, its CEO said on Wednesday. Maple Leaf, which reported on Wednesday its profits doubled in the fourth quarter, sees growth opportunities from meat produced humanely and without antibiotics, and […] Read more
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