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Looks like the much-loved neighbourhood institution the Weston bakery at Eastern and Logan will be closed (see paragraph 55, below) . A shame - I think we all love the wonderful smell of baking bread wafting over our neighbourhood - beats the odour of the sewage treatment plant! Any bets on how soon condos / townhouses spring up at that location?

News release via Canada NewsWire, Toronto 416-863-9350 -ME-

Attention Business Editors:

Canada Bread announces investment in Canada's largest bakery@

TORONTO, Jan. 12 /CNW/ - Canada Bread Company, Limited (TSX:CBY) today

announced it will invest approximately $100 million in its Fresh Bakery

operations to construct a new 370,000 square foot bakery facility in

southwestern Ontario. The investment reinforces the Company's strategy of

establishing competitive large scale facilities that provide a manufacturing

platform to support its innovation agenda and drive top line growth.

"This new bakery facility will be the largest in Canada and reflects our

commitment to investment and growth as Canada's leading value-added bakery

business," said Richard Lan, President and CEO, Canada Bread. "It will drive

significantly improved efficiencies in our manufacturing and supply chain,

providing the capacity to support organic growth and the growing needs of our

customers."

The design of the new facility will integrate modern equipment,

best-in-class technologies and sound environmental principles to ensure it

operates to the highest standards of operating efficiency, quality assurance

and environmental management.

The Company is currently investigating several potential locations for

the new facility and a final decision on the location is expected by the end

of March 2010. Construction is expected to commence within six months of

securing a location with the first production lines being commissioned

approximately 12 months later.

The Company will close its three existing bakeries in the Greater Toronto

Area which have aging assets that have been further constrained by urban

development and cannot support the business' long-term growth. Production will

be transitioned over a two-year period as operations at the three plants are

wound down, with the first bakery currently expected to close in late-2011,

the next in early 2012 and the third in early 2013. Employees will be given

opportunities to consider the 300 positions at the new facility or other

available jobs elsewhere across the Company's operations.

The total capital investment of approximately $100 million includes land,

building and equipment. In addition the Company expects to incur restructuring

costs totalling approximately $25 million, which includes $5 million in

non-cash items. These costs include asset decommissioning and severances, and

will be recorded in the Company's financial statements over the next three

years.

Canada Bread Company Limited, which is 89.8% owned by Maple Leaf Foods

Inc. (TSX:MFI), is a leading manufacturer and distributor of fresh bakery

products, frozen par-baked products and fresh pasta and sauces. The Company

had 2008 sales of $1.7 billion and employs approximately 8,500 people at its

operations across North America and in the United Kingdom.

-0- 01/12/2010

/For further information: Media Contact: Jeanette Jones, VP

Communications, Ph: (416) 926-2020; Investor Contact: Michael Vels, CFO, Ph:

(416) 926-2028/

(CBY.)

CO: Canada Bread Company, Limited

ST: Ontario

IN: FOD

SU: RCN

Views: 1676

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Comment by Leigh Hanssen on May 9, 2012 at 7:40am

The application is in: Condos, Townhouses and a "Food Store".  Interesting. OPA/rezoning

Comment by Pat on January 13, 2010 at 5:12pm
Nancy, every once in a while, I'll be outside in the summertime, gardening, pulling weeds, whatever. I'll get hungry, without reason. And then realize that it's the faint smell of fresh bread baking that's doing it. Only happens occasionally: the wind direction has to be Just So.
Comment by Nancy on January 13, 2010 at 6:51am
I'm glad it's not closing because I love the smell. I love driving home late summer nights with the car windows open, and the aroma of fresh baked bread wafts through the car. I hope for a red light so I can stop and savour it. I often wonder if the people who live closer to it get used to it or get sick of it. I'm just far enough away that it's a treat everytime.
Comment by MP on January 12, 2010 at 7:18pm
Glad it's not closing! Bread there is best pricing!!!
Comment by Raven on January 12, 2010 at 3:48pm
Whew, what relief!
I think Canada Bread has a plant in the west end -- can see it from the highway.
Comment by TC on January 12, 2010 at 1:36pm
Whups, on further review Robin is correct. False alarm, sorry about that!
Comment by Robin on Brooklyn on January 12, 2010 at 12:20pm
Canada Bread does not own the bakery on Eastern Avenue - Weston Bakeries does. So the Canada Bread closures will not affect the Eastern Ave plant
Comment by Nolin (Admin) on January 12, 2010 at 12:08pm
I'll miss that sweet, sweet smell

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