Maple Leaf Foods to Acquire Select Poultry Assets of Cericola Farms

Maple Leaf Foods (TSX: MFI) today announced that it has signed a definitive agreement to acquire two poultry plants and associated supply from Cericola Farms, a privately held company. Located in Bradford, Ontario and Drummondville, Quebec, collectively the two plants process approximately 32 million kg of chicken annually.

Maple Leaf has also entered into an agreement to secure 100% of the processed chicken volume from Cericola's primary processing plant located in Schomberg, Ontario, and holds an option to acquire this asset and associated plant supply in three years.

"Cericola is a leader in raised without antibiotics and organic chicken. This acquisition will build Maple Leaf's market leadership in these value-added categories and enable us to meet growing consumer demand," said Michael McCain, President and CEO. Founder of Cericola Farms, Mary Cericola said, "Our vision over the past 60 years has been to provide wholesome and natural poultry products to our customers. It is this tradition of... 

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