Search:

The search returned 10 results.

Start:    End:       Search Title?    Search Article?    Search Tags?
YOUR SEARCH RESULTS:

Maple Leaf Foods Names Casey Richards Senior Vice-President of Marketing and Innovation

Maple Leaf Foods, Inc. today named Casey Richards Senior Vice-President of Marketing and Innovation.

Richards will assume overall marketing leadership for Maple Leaf's family of brands and will lead the company's innovation efforts, while continuing to oversee the pastry business. He will also join the Maple Leaf Foods Senior Leadership Team.

Richards most recently served as the Company's Vice-President and General Manager – Pastry, a role he assumed in 2017 following two decades of marketing and general management experience with leading U.S. food companies. Richards is a highly accomplished brand marketer with a strong commercial acumen and a demonstrated track record of success in strategy, brand building, innovation and...

Full Story »
Sep 10 8:22 AM, General News



Greenleaf Foods, SPC, Names Adam Grogan Chief Operating Officer

Plant-based protein leader Greenleaf Foods, SPC, today named Adam Grogan Chief Operating Officer effective September 9, 2019. Grogan currently serves as Senior Vice President of Marketing, Innovation, Research and Development at Greenleaf's Toronto-based parent company Maple Leaf Foods, Inc. (TSX: MFI) where he has distinguished himself as an expert brand marketer, innovator and scaled operational leader.

The appointment comes at a time when Greenleaf Foods, SPC, is focused on growing its plant-based protein business and building North America's largest plant-based protein facility in Shelbyville, Indiana, to meet demand for its innovative products.

"Adam brings tremendous commercial expertise, strong operational experience and leadership to this new role. And, his technological knowledge and capabilities will be invaluable to Greenleaf at this critical juncture in our rapidly growing business," said Dan Curtin, President of Greenleaf Foods, SPC. "Adam's passion and ability to deliver breakthrough innovation and...

Full Story »
Aug 28 9:04 AM, General News


Maple Leaf Foods Reports Second Quarter 2019 Financial Results

Maple Leaf Foods Inc. ("Maple Leaf Foods" or "the Company") (TSX: MFI) today reported its financial results for the second quarter ending June 30, 2019.

Quarterly Highlights

  • Sales increased by 12.5%, driven by acquisitions, our value-added product portfolio and continued double-digit growth in plant-based protein
  • Recorded a net loss of $6.3 million or $0.05 per share due to $60.7 million of non-cash fair value changes on balance sheet items, not reflective of the commercial performance of the Company and excluded from Adjusted EBITDA
  • Adjusted EBITDA Margin of 11.3% in meat protein and 10.6% for the Company, driven by strong commercial performance
  • Net Debt of $403.4 million, of which...
Full Story »
Aug 1 9:38 AM, General News


Maple Leaf Foods Reports First Quarter 2019 Financial Results

Maple Leaf Foods Inc. ("Maple Leaf Foods" or "the Company") (TSX: MFI) today reported its financial results for the first quarter ending March 31, 2019.

Quarter highlights

  • Sales up 11.0% driven by acquisitions and growth in core business
  • Adjusted EBITDA margin of 9.3%, impacted by investments in growth for plant-based protein, start-up in new capacity in protein kits and meat pies, and integration of 2018 acquisitions
  • Announced capital investment of US$336.0 million to expand plant-based protein capacity to secure continued leadership position and meet escalating demand...
Full Story »
May 2 11:26 AM, General News


Maple Leaf Advances Leadership in Growing Plant-Based Protein Market with New Production Facility 

Maple Leaf Foods Inc. ("Maple Leaf" or the "Company") (TSX: MFI) and its wholly owned subsidiary, Greenleaf Foods, SPC, today announced plans to construct a US$310 million plant-based protein food processing facility in Shelbyville, Indiana. At approximately 230,000 square feet, it will be the largest facility and investment of its kind in North America. The Company will also invest approximately US$26 million to keep pace with ongoing growth in demand at its existing facilities. This strategic initiative will support Maple Leaf's continued growth and leadership in the rapidly expanding market for plant-based protein.

"With Lightlife and Field Roast, we own the leading brands in the North American refrigerated plant-based protein market," said Michael H. McCain, President and CEO. "This investment will secure our ...

Full Story »
Apr 8 9:15 AM, General News


Maple Leaf Foods Reports Results for the Fourth Quarter and Year-End 2018

Maple Leaf Foods Inc. (the "Company") (TSX: MFI) today reported its financial results for the fourth quarter and full year ended December 31, 2018. The Company also announced it will increase its quarterly dividend by $0.015 per share or 11.5% to $0.145 per share, effective the first quarter of 2019.

Quarter highlights

  • Sales growth driven by core business offset by declines in fresh market prices
  • Adjusted EBITDA(1) margin of 10.0% with strong commercial performance offset by adverse fresh market conditions
  • Meaningful progress on strategic growth initiatives including further momentum in sustainable meats, renovation of the entire brand portfolio completed and continued double-digit growth in plant protein
  • Closed the strategic acquisitions of Cericola Farms and VIAU Foods providing new and attractive growth avenues in underlying businesses
  • Announced $605.5 million investment to construct state-of-the-art poultry facility to ...
Full Story »
Feb 28 2:19 PM, General News


Maple Leaf Foods to Construct World-Class Value-Added Poultry Facility in London, Ontario

Maple Leaf Foods (TSX: MFI) today announced plans to build a $660 million value-added fresh poultry facility in London, Ontario.

The new 640,000 square feet facility is expected to be one of the most technologically advanced poultry-processing plants in the world, with leading-edge food safety, environmental, and animal welfare processes and technologies.

Funding for the project includes a capital investment of approximately $605.5 million from Maple Leaf Foods, an investment of $34.5 million from the Government of Ontario and a $20 million investment from the Government of Canada under the Strategic Innovation Fund. In addition, the Company is receiving a $8 million loan from the AgriInnovate Fund. As part of the federal funding agreement, Maple Leaf will invest a further $5 million over... 

Full Story »
Nov 27 8:54 AM, General News


Maple Leaf Foods Closes Acquisition of VIAU Foods

Builds market leadership in premium Italian, cooked and dry cured meats

Maple Leaf Foods Inc. (TSX: MFI) announced today that it has closed the acquisition of VIAU Foods ("VIAU"), a Canadian market leader in premium Italian cooked, dry-cured and charcuterie meats, for a purchase price of $215 million, including $30 million in Maple Leaf stock. With sales of $180 million as of fiscal year ended March 31, 2018, the transaction is expected to be accretive to Maple Leaf's earnings per share in the first year and...

Full Story »
Nov 15 8:41 AM, General News


Maple Leaf Foods Closes Acquisition of Cericola Farms

Builds market leadership in raised without antibiotics and organic value-added chicken

Maple Leaf Foods (TSX: MFI) today announced the closing of its acquisition of two poultry plants and associated supply from Cericola Farms, a privately held company.

Located in Bradford, Ontario and Drummondville, Quebec, the two plants collectively process approximately 32 million kg of chicken annually.

Maple Leaf has also secured 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 specializes in air-chilled processing of antibiotic free and...

Full Story »
Oct 23 9:43 AM, General News


Maple Leaf Foods to Acquire VIAU Foods

Builds market leadership in premium Italian, cooked and dry cured meats

Maple Leaf Foods Inc. (TSX: MFI) today announced that it has signed a definitive agreement to acquire VIAU Foods, a Canadian market leader in premium Italian cooked, dry-cured and charcuterie meats for a purchase price of $215 million, including $30 million in Maple Leaf stock. With sales of $180 million over the last twelve months, the transaction is expected to be accretive to Maple Leaf's earnings per share in the first year and to the Company's margin expansion over time.

"VIAU brings a portfolio of leading brands, a reputation for innovation and quality, skilled management and people, and excellent manufacturing assets," said Michael McCain, President and CEO of Maple Leaf Foods. "This acquisition expands Maple Leaf's position in the growing market for premium dry cured and pepperoni meat products and provides further production capacity in Quebec, an important strategic base to grow both Canadian and U.S. sales. It also enables VIAU to...

Full Story »
Oct 2 8:48 AM, General News




URNER BARRY INDICES




Load More
Label Label
Foodmarket, a specialized media offering from Urner Barry, is the premier source of market news for the food industry.

DISCLAIMER
THE INFORMATION, PRODUCTS, CONTENT AND DATA ON THE SITE ARE PROVIDED “AS IS” AND WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. WE DO NOT WARRANT THAT THE FUNCTIONS CONTAINED IN INFORMATION, CONTENT AND DATA ON THE SITE (INCLUDING, WITHOUT LIMITATION, DERIVED CONTENT) WILL BE UNINTERRUPTED OR ERROR-FREE, THAT DEFECTS WILL BE CORRECTED, OR THAT THE SITE OR THE SERVERS THAT MAKE SUCH INFORMATION, CONTENT AND DATA AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. MOREOVER, YOU ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING, REPAIR OR CORRECTION. WE DO NOT WARRANT OR MAKE ANY REPRESENTATIONS REGARDING THE USE OR THE RESULTS OF THE USE OF ANY INFORMATION, CONTENT, DATA, PRODUCTS OR SERVICES CONTAINED ON OR OFFERED, MADE AVAILABLE THROUGH, OR OTHERWISE RELATED IN ANY WAY TO THE SITE, INCLUDING, WITHOUT LIMITATION, DERIVED CONTENT, OR ANY THIRD-PARTY SITES, PRODUCTS OR SERVICES LINKED TO FROM THE SITE IN TERMS OF THEIR CORRECTNESS, ACCURACY, COMPLETENESS, RELIABILITY, SAFETY OR OTHERWISE. APPLICABLE LAW MAY NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, SO THE ABOVE EXCLUSION MAY NOT APPLY TO YOU.