Maple Leaf Foods completes spin-off its world-leading pork business

On October 1, 2025, Maple Leaf Foods Inc. (“Maple Leaf Foods”) announced that it completed the spin-off of its pork operations into Canada Packers Inc. ("Canada Packers"). Structured as a return of capital spin-off, the common shares of Canada Packers commenced trading on the Toronto Stock Exchange on October 2, 2025, under the symbol "CPKR".

The spin-off is the result of a plan, announced on July 9, 2024, to unlock significant value by separating Maple Leaf Foods into two independent public companies, each primed for growth and positioned to be a leader in its field.

As part of the spin-off, Maple Leaf Foods retains a 16% ownership position in the new company, and the two companies have entered into an evergreen supply agreement.

The plan to proceed with the separation was approved by the Board of Directors of Maple Leaf Foods, on the recommendation of a Special Committee of the Board, composed entirely of independent directors, and had the full support of Maple Leaf Foods’ largest and controlling shareholder, McCain Capital Inc. and the McCain family.

Further information can be found on Maple Leaf Foods’ website and on newswire.ca.

Maple Leaf Foods is a carbon neutral company with a vision to be the most sustainable protein company on earth, responsibly producing food products under leading brands including Maple Leaf®, Maple Leaf Prime®, Maple Leaf Natural Selections®, Schneiders®, Schneiders® Country Naturals®, Mina®, Greenfield Natural Meat Co.®, Lightlife® and Field Roast™.