CNB News Releases
Agriculture and Rural Development

Hub Meat plant sold to Maple Leaf Foods (00/02/11)

NB 108

Feb. 11, 2000

FREDERICTON (CNB) - Maple Leaf Foods was welcomed to New Brunswick by Agriculture and Rural Development Minister Milton Sherwood after the processed food giant announced acquisition of Hub Meat Packers.

The sale of the Moncton plant was announced earlier today in Moncton. The deal includes the sale of the Moncton plant and Larsen Meat Packers in Berwick, N.S to Maple Leaf Foods.

The Moncton plant has about 1,000 employees and the Nova Scotia plant employs an additional 400.

"The processing plant in Moncton is very important to the continued growth of our beef and hog industries," Sherwood said. "I'm pleased to note the new owners of the Hub plant have a strong New Brunswick connection and we are looking forward to a mutually beneficial relationship into the future."

Maple Leaf Foods is a leading global Canadian Food processing company with operations across Canada, the United States, Europe and Asia. The company's products include fresh and prepared meats, poultry, fresh and frozen bakery products, seafood and animal feeds.

"This acquisition fits into our long-term strategy to develop a world-class, Canadian-based meat processing operation that can compete effectively in an increasingly global market," Maple Leaf Foods president and CEO Michael H. McCain said.

Hub Meat packers is a privately owned business established in 1966. The plant features meat processing operations, packaging and distribution of brand name products including Sunrise, Harvest Gold, Gloucester and Coachman.

"My department is looking forward to working with Maple Leaf Foods to assure continued support for our agri-food industry as well as continued jobs at the meat plant in Moncton," Sherwood said.

00/02/11

MEDIA CONTACT: John White, director of communications, Agriculture and Rural Development, 506-453-5451.

00/02/11