BOCA RATON, FL Sun Capital Partners Inc., a leading private investment firm specializing in leveraged buyouts and investments in market–leading companies, today announced that its affiliate, Fearmans Pork, Inc., has completed the acquisition of the Ontario pork processing operation from Maple Leaf Foods Inc. (TSX: MFI)
The operation is located in Burlington, Ontario, and is the largest pork processing facility in the province, serving primarily the Greater Toronto Area, the United States and select international markets. The Ontario pork processing operation supplies products to other processors, retailers, food service and international markets, including chilled pork products, specialty products, and counter–ready products. The facility is strategically located in close proximity to domestic and U.S. markets, transportation routes and high quality suppliers.
“We are delighted to be partnering with the company’s experienced management team and are committed to growing the Ontario pork processing business, working closely with hog suppliers and serving its customers with top–quality products. We plan to fully leverage the facility’s capacity and believe there is opportunity to further expand into international markets and build out the company’s market share for specialty and value–added products,” said Anthony Polazzi, Principal at Sun Capital Partners. “Maple Leaf Foods will continue to be an important customer as the company moves forward.”
Sun Capital Partners has affiliated investments in the food processing industry. Such investments include CanGro Foods Inc., a Toronto–based marketer of canned fruit, tomato, vegetable, and soup under such brand names as Del Monte and Aylmer; Creekstone Farms Premium Beef, a leading processor of the highest quality Black Angus beef; and Sunrise Growers–Frozsun a U.S. supplier, distributor and marketer of frozen and fresh strawberry products.
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in companies that can benefit from its in–house operating professionals and experience. Sun Capital affiliates have invested in more than 240 companies worldwide with combined sales in excess of $40 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, as well as affiliates with offices in London, Paris, Frankfurt, Luxembourg, Shanghai and Shenzhen. For more information, please visit www.SunCapPart.com.
About Maple Leaf Foods
Maple Leaf Foods Inc. is a leading Canadian food processing company headquartered in Toronto, Canada. The Company employs approximately 22,500 people at its operations across Canada and in the United States, Europe and Asia. The Company had sales of CAD $5.2 billion in 2009.
For more information:
Katrin C. Lieberwirth
Stanton Public Relations & Marketing
Maple Leaf Media Hotline