PE-backed Premium Brands buys Island City Baking, Conte Foods
Premium Brands Holdings Corp (TSX: PBH) has acquired Island City Baking, a maker of fresh and frozen artisan breads, and its affiliate Conte Foods, a distributor of specialty food products. The companies, both of which are located in the Greater Vancouver region, sold for $20.3 million. Premium Brands also announced its buy of Larosa Fine Foods, a Vancouver maker and wholesaler of specialty Italian products, for $700,000. Premium Brands, a Vancouver-based specialty branded food producer, has been a portfolio investment of Canadian private equity firm Pender West Capital Partners since 2005.
1 December 2016•4 mins read
