Tuesday, September 19, 2017

Premium Brands buys Leadbetter Foods Inc.

Premium Brands is buying Leadbetter Foods Inc. of Orillia.

Leadbetter has annual sales of about $55 million and is one of Ontario's leading manufacturers of specialty bacon, fresh and frozen burgers and portion-cut steaks. 

It operates two facilities in Orillia, including a modern 47,000-square-foot custom-designed bacon operation built in 2012.

"This transaction is the next step towards our objective of building a leading specialty protein platform in Ontario,” said George Poleologou, president and chief executive officer of Premium Brands.

Not only does Leadbetter perfectly complement our Ontario based Belmont Meats' burger business but it will also help with the launch of our Centennial business' Ontario operations when Centennial opens its new 105,000 square foot custom cutting and distribution facility in the Toronto.

Premium Brands also owns Pillers Meats and Delicatessens of Waterloo.

"We are very excited to be joining the Premium Brands family," said Phil Leadbetter, president and chief executive officer of Leadbetter. 


"We have been doing business with Premium Brands for many years and know, like and respect its unique culture and core values,” he said.