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Canada Bread agrees to sell pasta and sauce business to Spain's Ebro
date:Oct 25, 2013
Canada Bread Co, which is majority-owned by Maple Leaf Foods, said on Thursday it agreed to sell its Olivieri Foods fresh pasta and sauce business to Spanish food processing company Ebro Foods SA for about C$120 million ($115.5 million).

The move comes days after Canadian food processor Maple Leaf said it might sell its controlling stake in Canada Bread as it decides whether to exit the bakery goods business and focus on meat products.

Toronto-based Canada Bread said the deal, which is subject

12/25 05:21