A leaner Maple Leaf Foods Inc. is turning a profit after spending seven years selling divisions, building new plants and closing old ones.
Maple Leaf Foods has emerged debt-free from the billion-dollar restructuring, with a network of modern meat plants churning out cold cuts, bacon and prepared food.
Eight old factories across Canada have closed, and the bakery and pasta divisions have been sold.
Michael McCain, Maple Leafs chief executive officer, said the company is turning from cost reduction to focus on better profit margins, product innovation and sales growth driven by new ad campaigns.
Were entering 2016 with exciting momentum on many fronts, Mr. McCain, the co…
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