November 1, 2012 / 10:04 PM / 5 years ago

Canada packer Maple Leaf buys struggling Puratone hog farm

WINNIPEG, Manitoba, Nov 1 (Reuters) - Maple Leaf Foods , one of Canada’s biggest hog processors and bakers, is buying distressed hog producer Puratone Corporation to secure its supplies as farmers struggle to manage heavy losses.

Maple Leaf will pay C$42 million ($42 million) for Puratone, based in the western Canadian province of Manitoba, in a deal expected to close within a month, Maple Leaf said on Thursday.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below