Premium Brands Holdings to Acquire U.S. Lobster Processor

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LONDON, Ont. — Canadian food group Premium Brands Holdings Corporation — the parent company of Piller’s and McSweeney’s — is set to acquire Maine-based Ready Seafood Co.

The transaction, which is expected to close in the next month, follows Premium Brands Holdings’ purchase of Quebec-based Frandon Seafood in March and Seattle-based Oberto Sausage Company in April.

“We are very pleased to be partnering with [the Ready brothers] and their talented management team,” says George Paleologou, president and CEO, Premium Brands Holdings. “They are distributors in what has been a relatively stable industry and have not only brought about significant innovation to the segment but played a lead role in ensuring the long-term sustainability of the industry.”

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