M&A Deal Summary

Maple Leaf Acquires Schneider

On September 25, 2003, Maple Leaf acquired food company Schneider from Smithfield Foods for 378M USD

Acquisition Highlights
  • This is Maple Leaf’s 1st transaction in the Food sector.
  • This is Maple Leaf’s largest (disclosed) transaction.
  • This is Maple Leaf’s 1st transaction in Canada.
  • This is Maple Leaf’s 1st transaction in Ontario.

M&A Deal Summary
Date 2003-09-25
Target Schneider
Sector Food
Buyer(s) Maple Leaf
Sellers(s) Smithfield Foods
Deal Type Divestiture
Deal Value 378M USD

Target

Schneider

Kitchener, Ontario, Canada
Schneider Corporation is a food processing company offers bacon cold cuts and deli meats, hams, hot dogs, and sausages. Schneider Corporation was founded in 1890 and is based in Kitchener, Canada.

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Buyer(S) 1

Buyer

Maple Leaf

Mississauga, Ontario, Canada
Category Company
Founded 1927
Sector Food
Employees13,500
Revenue 4.9B CAD (2023)
DESCRIPTION

Maple Leaf is a provider of consumer packaged prodcuts headquartered in Toronto, Ontario. Company make high-quality, great tasting, nutritious and innovative food products under leading brands including Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals and Mina. Maple Leaf Foods was founded in 1927 and is based in Mississauga, Canada.

DEAL STATS #
Overall 1 of 6
Sector (Food) 1 of 5
Type (Divestiture) 1 of 2
State (Ontario) 1 of 2
Country (Canada) 1 of 4
Year (2003) 1 of 1
Size (of disclosed) 1 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-20 Animal Nutrition Business - Maple Leaf Foods

Toronto, Ontario, Canada

Sell -

Seller(S) 1

SELLER

Smithfield Foods

Smithfield, Virginia, United States
Category Company
Founded 1961
Sector Food
Employees47,900
DESCRIPTION

Smithfield Foods, Inc., brings good food to families and friends around the world in a responsible manner. Smithfield produce many popular products like hams, bacon and sausage.

DEAL STATS #
Overall 1 of 6
Sector (Food) 1 of 4
Type (Divestiture) 1 of 5
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2003) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-02 Cumberland Gap Provision

Middlesboro, Kentucky, United States

Cumberland Gap is a processor of premium-branded hickory smoked hams, sausages and other specialty processed pork products

Buy $57M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-09 Norwich Food

Norwich, United Kingdom

Norwich Food Co. Ltd. markets and distributes fruits, vegetables, wines, and poultry products. Norwich was founded in 1993 and is based in Norwich, United Kingdom.

Buy -
Mergr

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