On October 1, 2025, Maple Leaf Foods Inc. (TSX: MFI) has completed the spin-off of its pork operations, creating two independent public companies to sharpen focus and drive growth. The new pork entity, Canada Packers Inc., will commence trading on the Toronto Stock Exchange under the symbol "CPKR". As part of the transaction, Maple Leaf Foods retains a 16% ownership stake in Canada Packers, while the two companies have entered into an evergreen supply agreement. This ensures Maple Leaf Foods remains an anchor customer for Canada Packers, which will supply pork for Maple Leaf’s prepared meats business.

The separation, valued at CAD 1.65 billion, was approved by the Board of Directors and controlling shareholder McCain Capital Inc. The move creates a brand-focused consumer packaged goods company under Maple Leaf Foods and a dedicated pork business under Canada Packers, enhancing growth prospects and market leadership for both. Curtis Frank continues as CEO of Maple Leaf Foods, while Dennis Organ leads Canada Packers.

Financial and legal advisors included BMO Capital Markets, Centerview Partners, Blake, Cassels & Graydon LLP, Torys LLP, and Goodmans LLP. RBC Capital Markets provided a fairness opinion. The spin-off, completed on October 1, 2025, positions both companies for sustainable growth and offers investors distinct opportunities in two leading businesses.