Maple Leaf Foods completes spinoff into Canada Packers

Executive Summary

• Maple Leaf Foods Inc. completed the spin‑off of its pork operations into a newly independent public company, Canada Packers Inc., with shares beginning to trade on the Toronto Stock Exchange on Oct. 2, 2025 (ticker: CPKR).
• Maple Leaf retained a 16 % ownership stake in Canada Packers and entered an evergreen supply agreement making Maple Leaf an anchor customer for pork supplies.
• The spin‑off is positioned as a strategic move to sharpen each company’s focus on its core consumer‑packaged‑goods (Maple Leaf) and sustainable pork (Canada Packers) businesses, with leadership emphasizing long‑term value creation and sustainability.

Key Details

• Spin‑off Completion: Canada Packers Inc. now operates as an independent public company; common shares commence trading on TSX 10/2/2025 under “CPKR”.
• Ownership Structure: Maple Leaf Foods retains a 16 % equity interest in Canada Packers (4,758,059 shares acquired). No current plans to buy or sell additional shares.
• Supply Agreement: An evergreen supply contract was executed; Maple Leaf will be an anchor customer for pork, and Canada Packers will supply pork to Maple Leaf’s prepared‑meat business.
• Leadership Statements: CEOs Curtis Frank (Maple Leaf) and Dennis Organ (Canada Packers) highlighted the strategic focus on sustainability, innovation, and value creation; Executive Chair Michael McCain underscored the historic nature of the transaction for Canadian industry.
• Mail Delay Notice: Direct registration statements to Canada Packers shareholders may be delayed due to the ongoing Canada Post workers’ strike.
• Early Warning Disclosure: Prior to the spin‑off Maple Leaf held no Canada Packers shares; acquisition of 4,758,059 shares (16 % stake) was disclosed in an early‑warning filing on SEDAR+.

Notable Quotes

“Maple Leaf Foods took another bold step today…by completing the spinoff of our pork operations.” – Curtis Frank, President & CEO, Maple Leaf Foods
“Today marks a new chapter for Canada Packers as we launch as an independent public company.” – Dennis Organ, President & CEO, Canada Packers
“This is an exciting and historic moment for Canadian business and our industry.” – Michael McCain, Executive Chair, Maple Leaf Foods & Canada Packers