Premium Brands Acquires Piller’s


VANCOUVER — Premium Brands Holdings Corporation has inked a deal to purchase most of the assets and operating divisions of Piller Sausages & Delicatessens Limited for $73.7 million and 1,968,750 Premium Brand shares.

“This transaction will create a national deli-meats platform that will feature two of Canada’s most respected deli brands: Grimm’s in the West and Piller’s in the East,” said George Paleologou, president and CEO of Premium Brands.

Founded in 1957 by the Huber family, the Ontario-based Piller’s is one of Canada’s leading manufacturers of specialty European deli meats with annual sales of approximately $180 million. The Richmond, B.C.-based Premium Brands owns a range of specialty food manufacturing and differentiated food distribution businesses.

The deal is expected to close later this month, pending regulatory board approval.

This site uses Akismet to reduce spam. Learn how your comment data is processed.