Premium Brands buys Summer Street Capital's Belmont Meats
Premium Brands Holdings Corp (TSX: PBH) has bought Belmont Meats Products Ltd, a Toronto-based maker of beef products for retail and food service customers. The deal had a total consideration of $50 million, most of which was in cash. Vancouver's Premium Brands, a specialty branded food producer, said the acquisition will create value in several of its businesses and help to increase the company's presence in Ontario. Belmont Meats, founded in 1966, has been backed by U.S. private equity firm Summer Street Capital Partners since 2007. Premium Brands is a portfolio investment of Canadian private equity firm Pender West Capital Partners.
13 October 2016•5 mins read
