The plant closure was announced last May. The transition of production to other processing sites remains on track to be completed in the second quarter, Frank said. Pork prepares to spin off Also in transition is the separation of Maple Leaf's pork business into a stand-alone company known as Canada Packers. Earlier this week, Maple Leaf provided an update on the transaction. The company now has an interim court order authorizing an annual and special shareholder meeting on June 11. "This spin-off is one of the most important and transformational strategic initiatives in Maple Leaf Foods history as we will create two strong independent companies, each with enhanced strategic focus, distinct value propositions to unlock shareholder value and more focused investments for shareholders," Frank said. "We strongly encourage all shareholders to vote in favor of the transaction and in support of the meaningful value it will create for all vacancy stakeholders."