Maple Leaf Foods is looking to sell.
The company is contemplating selling 90 per cent of Canada Bread, which opened a 100-million dollar plant in the Red Hill Industrial Park in 2011.
Canada’s largest bakery facility has about 330 full-time workers, with another 85 at its other Nebo Road plant.
Hamilton economic development director Neil Everson says there are no fears of job losses.
McMaster business professor Marvin Ryder says selling Canada Bread would probably fetch a billion dollars.
The sale could be completed as early as 2014.