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Maple Leaf to spin off a publicly traded company

– moneysense.ca

This little piggy is going to market.

Maple Leaf Foods (MFI/TSX) is spinning off its pork business into a new publicly traded company, the firm announced Tuesday. It’s something that’s been in the works for a little while, but the time is now right, said chief executive Curtis Frank in an interview. That’s thanks to pork markets normalizing from pandemic disruptions and the completion of significant capital investments in two manufacturing facilities, he said.

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