Premium Brands Holdings purchases four companies
By Canadian Packaging staffGeneral Black River Angus Central Park Deli Concord Premium Meats Ltd. Connie’s Kitchen Country Prime Meats Ltd. Frandon Seafood Inc. Lou’s Barbeque MarcAngelo Premium Brands Holdings Corporation Skoulakis The Meat Factory Ltd.
Leading Canadian producer and distributor of branded specialty foods announces four separate purchases.
VANCOUVER—Premium Brands Holdings Corporation, a leading producer, marketer and distributor of branded specialty food products, has announced the signing of four separate acquisitions:
- Concord Premium Meats Ltd., an Ontario-based manufacturer of branded and customized protein solutions for retailers and foodservice customers across Canada. Its proprietary brands include MarcAngelo, Skoulakis, Central Park Deli, Black River Angus, and Connie’s Kitchen;
- The Meat Factory Ltd., an Ontario-based manufacturer of branded cooked protein products for retailers and foodservice customers across Canada. Its core brand is Lou’s Barbeque, which is the number one brand in Canada in the fully cooked meals category and a leading brand in the fresh cooked ribs category;
- Country Prime Meats Ltd., a B.C.-based manufacturer of shelf stable meat snacks for primarily businesses owned by the company, and;
- Frandon Seafood Inc., a Quebec based distributor of fresh and frozen seafood to foodservice and retail customers in the greater Montreal area. Frandon will play a key role in the company’s C&C business’s expansion into the seafood product category.
The combined purchase price for these businesses, which have annual sales of approximately CDN$266.5 million, is CDN$227 million. All four transactions are expected to be on an individual basis accretive to the company’s 2018 earnings.
“In terms of our four most recent acquisitions, we are very excited about all of these businesses both on a stand-alone basis as well as the potential synergies between them and our legacy businesses. All four companies have best-in-class management teams, modern well run facilities, entrepreneurial cultures and, in the cases of Concord and The Meat Factory, leading iconic brands.,” says Premium Brands Holdings president and chief executive officer George Paleologou.
Company information available at www.premiumbrandsholdings.com.
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