Maple Leaf Foods to spin off its pork business.

Maple Leaf Foods, a consumer-packaged protein company, to spin off its pork business. Financial terms were not disclosed. “This transaction is the start of a new era to unlock the full potential of two outstanding businesses, each with a distinct value proposition and growth opportunities. As separate companies, Maple Leaf Foods and the new Pork Company will each have exciting prospects, a sharpened execution focus with its own dedicated management team, and the financial independence to pursue its own value creation strategy, all with an uncompromising commitment to safety and sustainability,” Curtis Frank, Maple Leaf Foods CEO.