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.
