(Reuters) — Maple Leaf Foods is hunting for acquisitions in the United States after years spent upgrading old factories and shedding business lines, chief executive officer Michael McCain said.
Fourth-quarter net earnings more than doubled to $76.2 million on sales of $828.2 million.
After buying U.S.-based Lightlife Foods last week, McCain said it is investigating several new opportunities but would be a “patient buyer.”
The Lightlife deal was the first purchase since 2004 and its value, at US$140 million, represents broadly the expected price level of future acquisitions.
