Friday, April 13, 2018

Premium Brands buys another company

Premium Brands has bought Oberto Sausage Co. Of Seattle and another third of the shares of McLean Meats Inc. In its home base of Vancouver.

Oberto specializes in snack foods and McLean Meats Inc. in preservative-free and organic processed meats to foodservice and retail customers in Canada.

Premum Brands now holds to 66.2 percent of McLean’s shares.
The combined purchase price for the investments in Oberto and McLean is about $237 million, while the combined revenues of the two businesses are about $246 million, Premium Brands said in a news release.