MAPLE LEAF FOODS MAKING MAJOR ANNOUNCEMENT TUESDAY

Nov 26, 2018

By Michael Kramer

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Maple Leaf Foods is getting $34.5 million from the Ontario government – and an additional $28 million from the feds – as the company announces an investment of hundreds of millions to build a fresh-poultry facility in London – but it will be closing three smaller plants in the province.

Maple Leaf will invest an initial $605 million or so into the plant – and an additional $5 million into related projects over the next five years – and production from three of its other plants will eventually be consolidated into the new facility.

The St. Marys plant is expected to close by late 2021 and its Toronto and Brampton facilities – will close by in mid-to late-2022.

Maple Leaf CEO Michael McCain says in a statement – that the company deeply regrets the impact of these eventual closures on the people and communities.

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