Maple Leaf Foods mulls possible sale of Canada Bread Co.
Toronto-based food processing company Maple Leaf Foods Inc (MFI: TSX) has announced it is exploring strategic alternatives for its bakery business, including the possible sale of Canada Bread Company Ltd, a manufacturer and marketer of value-added flour-based products. Maple Leaf, which has a 90% interest in Canada Bread, has formed a committee of directors to oversee the process and recommend the use of proceeds in the event of a sale. Maple Leaf is a portfolio investment of West Face Capital, which acquired its stake in the company from Teachers' Private Capital in 2010.
21 October 2013•5 mins read
