Wednesday, November 22, 2017

Premium Brands buys three more

As predicted during its quarterly report about a week ago, Premium Brands has made deals to buy several more companies.

The deals are:

Buddy’s Kitchen Inc. bought from its founding family and management in Minnesota;

Raybern Foods of California, bought from TSG Consumer Partners, management and other shareholders; and

A half interest in California-based Shaw Bakers.

Buddy's makes sandwiches and other prepared meals for a variety of customers with a particular focus in the airline and convenience store channels.  

It operates two modern production facilities in the Minneapolis area, one of which is 91,000 square feet and the other 62,000 square feet.

Raybern's makes branded specialty sandwiches for the U.S. retail market and operates a modern 146,000 square foot facility in Tupelo, Mississippi.  Its line of authentic hand-held products includes top-seller Philly Cheesesteak sandwich and a wide variety of other frozen and refrigerated sandwiches and wraps.

Shaw Bakers is a manufacturer and distributor of fresh and frozen artisan breads as well as a range of sweet and savory pastries.
 
It operates a 67,600 square feet facility in the greater San Francisco area.
On a combined basis Buddy's, Raybern's and Shaw Bakers have annual sales of approximately $147 million Cdn.

Premium Brands owns a number of Ontario companies, including Belmont Meats and Piller’s Meats and Delicattessens.