July 22, 2013

Cuddy Farms Limited 2008 enters into a definitive agreement to purchase the Turkey Breeding and Hatchery Business of Maple Leaf Foods Inc.

Effective today, July 22, 2013, Cuddy Farms Limited 2008 has entered into a definitive agreement to acquire the turkey breeding and hatchery business of Maple Leaf Foods Inc, formerly the Cold Springs Farms’ assets. The company will operate under the highly recognized Cuddy Farms’ name in the turkey industry. There will be no fundamental changes to the business at this time.

Cuddy Farms Limited 2008 is a dominant player in the world turkey market and sees the contribution of the acquisition of Maple Leaf Food’s Cold Springs Farm operation as a demonstration of our commitment to the worldwide Turkey industry. We are encouraged that our long standing employee groups in both the Thamesford, Ontario and Strathroy, Ontario operations will enable us to further develop the best genetics that the primary breeders have to offer.

The management team is dedicated to the long term success of the business and looks forward to continuing to grow the business throughout our worldwide customer and distribution base. We are grateful to be able to offer continued employment to all our current employees as well as those associated with the acquisition, and look forward to continuing to supply our customers with high quality turkey eggs and poults.

We would like to thank all of our employees, old and new, for the many years of service which they have provided to the respective companies. We would like to thank all of our customers, old and new, who continue to support Cuddy Farms in the market.

Yours truly

John Flaherty
President and CEO
Cuddy Farms Limited 2008