Agriculture
Canada Packers reports Q4 results as an independent after spin off from Maple Leaf
3 minute read Updated: 10:13 AM CSTCanada Packers Inc. chief executive Dennis Organ said the pork producer is focused on building durability, as it reported its first full quarter since it was spun off from Maple Leaf Foods Inc. last year.
Organ told a conference call Wednesday to discuss the company's latest results that it is "still squarely in chapter one," focused on building financial stability. However, he said the company remains open to taking on opportunities — such as mergers and acquisitions.
When Canada Packers moves to its next stage, Organ said the investments will be the kind that "are easy to explain to investors why it makes sense."
He said it will focus on cost synergies that are easy to execute, giving an example of pig ears sold to small shops that smoke and sell them as pet treats.
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