Premium Brands to buy lobster processor Ready Seafood
Premium Brands Holdings Corp (TSX: PBH) has agreed to acquire Ready Seafood Co, a Portland, Maine-based processor, distributor and marketer of lobsters in the United States. Terms weren't released for the deal, which is expected to close within the next four weeks. Premium Brands, a Vancouver-based specialty food products company, said the transaction gives its seafood platform a foothold in the U.S. market, enabling additional acquisitions. Premium Brands is a portfolio investment of Canadian family office Pender West Capital Partners.
5 September 2018•3 mins read
