Maple Leaf Foods Inc. (TSX: MFI) is a leading Canadian consumer packaged goods company focused on producing protein products. Founded over 100 years ago, Maple Leaf Foods has evolved into a purpose-driven organization with a vision to become the most sustainable protein company on Earth. The company is headquartered in Mississauga, Ontario and had annual revenue of CAD 4.9 billion in 2023.
Maple Leaf Foods produces a wide range of protein products under several well-known brands. Its portfolio includes:
Prepared meats, fresh pork, and poultry products under brands like Maple Leaf, Schneiders, and Mina
Plant-based protein products under the Lightlife and Field Roast brands
Sustainable meat products under the Greenfield Natural Meat Co. brand
Snack kits, deli meats, and other value-added protein products
The company operates manufacturing facilities across Canada and the US, employing approximately 14,000 people. It serves retail, foodservice and industrial channels in North America and exports to markets like Japan and China.
In 2023, Maple Leaf Foods continued to execute on its strategic priorities. The company completed the transition to its new poultry processing facility in London, Ontario, which is expected to deliver CAD 100 million in annual Adjusted EBITDA once fully ramped up by the end of 2023. Maple Leaf Foods also expanded its efforts in regenerative agriculture, scaling from 19,000 acres to 160,000 acres. The company remains committed to its sustainability goals, including targets to reduce its environmental footprint by 50% by 2025 compared to 2014 levels. In July 2024, Maple Leaf announced plans to spin off its pork business into a separate publicly-traded company to unlock growth potential in both its branded meats and pork operations.
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