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.”
