Back to Media

Maple Leaf Closes Sale Of Country Style


TORONTO, ONTARIO–Maple Leaf Foods Inc. today announced that it has
successfully completed the sale of Country Style Food Services Inc., its
Franchising Operations, to a group including CAI Capital Partners and Company
II, L.P. and Country Style management in a transaction valued at $45 million.
Closing took place as scheduled on May 28, 1999.

A gain on the transaction will be recorded in the second quarter.

The transaction is consistent with the Company’s Core 7 Strategy of focusing on
core businesses and presents growth opportunities for Country Style than can be
more fully realized on a stand-alone basis.

Maple Leaf Foods is a leading global food processor with annual sales of more
than $3 billion. The Company employs approximately 11,000 people