Premium Brands which has grown by buying companies has bought three more.
They have combined sales of $250 million US per year.
It has also completed the sale and leaseback of Hempler’s deli meats production facility in Washington state after it was recently expanded.
It paid $50 million US in cash, and $10 million US in Premium Brands common shares and contingent consideration of $6 million.
The companies it bought are NSP Quality Meats, a cooked protein and deli meats manufacturer in Oklahoma, Texas and Missouri.
Casa Di Bertacchi of New Jersey and Italia Salami of Guelph, Ont.
Premium Brands is based in Vancouver. It owns several Ontario companies including Piller’s Meats and Delicatessens of Waterloo and Belmont Meats of North York.
