Premium Brands continues its spectacular growth
with the purchase of four more companies.
It has purchase agreements for Concord Premium
Meats, The Meat Factory Ltd., both in Ontario, Country Prime Meats Ltd. of
British Columbia and Frandon Seafood Inc. of Quebec.
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The
combined purchase price is $227 million, which is also their combined annual
revenues.
Premium
Brands had revenues of $585.4 million in its fourth quarter and $2.2 billion
for the year, which was 18.3 per cent greater than the previous year.
Fourth-quarter
profit declined to $17.2 million from $20 million the same quarter last year,
but the annual profit increased to $80.5 million from $68.8 million.
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