Premium Brands Completes Piller Sausages Acquisition
Specialty foods manufacturer completes acquisition of Waterloo-based sausage maker.
Premium Brands Holdings Corporation of Richmond, B.C. has completed the purchase of the assets and operating divisions of Waterloo, Ont. based Piller Sausages & Delicatessens for $75.4 million.
George Paleologou, president and chief executive officer of Premium Brands states, “Piller’s, combined with our existing deli businesses, will create a unique national deli platform with an exceptional management team, state- of- the- art manufacturing facilities and a number of iconic brands.”
Piller’s, founded in 1957, has been a family-owned Canadian business that had annual sales of approximately $180-million and more than 600 employees. Piller’s has five Ontario-based plants totaling over 500,000-square-feet producing a diverse range of European-style sausages and delicatessen meats.
Premium Brands owns a broad range of specialty food manufacturing and differentiated food distribution businesses, with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Washington State and Nevada.
For more information on Premium Brands, visit www.premiumbrandsholdings.com.