Topic > Agreement to sell Canada Bread Company to Mexican companies…

The close links between strategic corporate objectives and human resource management in Maple Leaf Foods Inc., Canada Corporate background Maple Leaf Foods Inc. is well known as Leading packaged food supplier in Canada with over 100 years of sustainable operation. Its headquarters are in Toronto, but it also operates throughout North America, the United Kingdom, Mexico and Asia. Since its founding, this company has expanded primarily through merger and acquisition activities. He owned 90% of Canada Bread Company, Limited, founded in 1911. It was created by the merger of Maple Leaf Mills Limited and Canada Packers Inc. in 1991 and these companies were made up of subsidiaries. By providing the highest quality, nutritious and innovative products for excess customer needs, Maple Leaf Foods is pursuing its vision of becoming a globally admired food processing company. It received honorable awards such as “Product of the Year 2011”; “Canada's 10 Most Admired Corporate Cultures”; “Award for the best new product”; “2010 Canadian Family Food Awards.” Its total assets in 2013 were $3,599,092, compared to $3,243,696 in 2012. The net profits of this firm were $512,163 in 2013, compared to $96,562 in 2012. However, the company has faced challenges caused by rising commodity prices and the effects of macroeconomic issues; still maintains its values ​​and is willing to change to achieve sustainable results in the future. As a result of the changes, Maple Leaf Foods Inc. is entering into a deal to sell Canada Bread Company to Mexico's Grupo Bimbo for $1.83 billion in cash in order to focus on its meat products business in 2014. The company's financial report indicates its focus in 2014 with five main points. First, price actions to address the problem of rising… middle of paper… ss-operations/ (accessed 11 March 2014).3. Inc., Maple Leaf Foods. 2011 Annual Report. Corporate Annual Report, Toronto: Maple Leaf Foods Inc., 2011.4. Inc., Maple Leaf Foods. Financial statement. Corporate Financial Statement, Toronto: Maple Leaf Foods Inc., 2013.5. —. Maple Leaf Foods - Awards and Recognitions. 2010. http://www.mapleleaffoods.com/en/corporate/company-info/awards-and-recognition/ (accessed 11 March 2014).6. —. Maple Leaf Foods - Food for thought, working at Maple Leaf Foods. 2010. http://www.mapleleaffoods.com/en/corporate/careers/overview/ (accessed March 11, 2014).7. —. Maple Leaf Foods: Our Rich History. 2010. http://www.mapleleaffoods.com/en/corporate/company-info/our-rich-history/ (accessed March 11, 2014).8. Inc., Maple Leaf Foods. Added Value - Financial Statements 2012. Annual Corporate Report, Toronto: Maple Leaf Foods Inc. , 2012.