FoodClips
Source: RTTNews
Premium Brands Holdings Acquires 76% Interest In Maximum Seafood
July 05 2010 - Monday, Premium Brands Holdings Corp. announced that it acquired 76% interest in Toronto, Ontario based Maximum Seafood. The deal is expected to be immediately accretive to both Premium Brands' earnings per share and free cash flow per share.
Premium Brands expects its existing seafood business together with Maximum will create an $85 million sales platform. Maximum Seafood supplies fresh and live seafood products with annual sales of about $56 million.
Read more [http://www.rttnews.com/Content/CanadianNews.aspx?Node=B1&Id=1350937]
FoodBizIntel®
Premium Brands Holdings Corp
Address: 7720 Alderbridge Way Richmond, BC V6X 2A2 Canada
Telephone: +1-604-6563100
Fax: +1-604-6563170
About Premium Brands Holdings Corp
Premium Brands Holdings Corp, formerly Premium Brands Income Fund, owns a range of specialty food businesses with manufacturing and distribution facilities located in British Columbia, Alberta, Saskatchewan, Manitoba and Washington. In addition, the Company owns food distribution and wholesale networks through, which it sells both its own products and those of third parties to approximately 25,000 customers. Its family of businesses include foodservice, retail and concessionary. Its specialty products include sandwiches, pastries, muffins, sushi, premium and natural processed meats, meat snacks and pastries, sandwiches, wraps, burgers, subs and specialty deli products.
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