Premium Brands is buying
Skilcor Food Products, the third Ontario company it has bought within the last
year.
Skilcor markets cooked back ribs and other protein
products. It has annual sales of approximately $27 million and operates
out of a specially designed 34,000 square foot facility that was built in 2006
in Brampton.
"Skilcor further strengthens our rapidly growing
presence in central Canada's protein manufacturing and protein distribution
segments,” said president and chief executive officer George Paleologou in
announcing the deal.
“It will not only expand our portfolio of products but
will also give us specialized production capacity that will enable us to
provide customers with premium quality differentiated protein solutions in the
high growth ready-to-eat product category."
"I have no doubt that Premium Brands is the right
partner for us, our company and our people," said Mrs. Deborah Kinzinger,
founder and chair of Skilcor.
"I am very
proud of our team, our culture and our products and of how much we have accomplished
since Skilcor was founded back in 1969.
