Premium Brands to acquire Fletcher’s Fine Foods’ U.S. operations
Fletcher's US sells a variety of premium bacon and fresh sausage products in the U.S. Pacific Northwest under the Fletcher's brand.
Premium Brands Holdings Corp., Canada, announced that its Ferndale, Wash.-based subsidiary, Hempler Foods Group LLC, entered into an agreement to acquire Fletcher's Fine Foods (Fletcher’s US), Auburn, Wash. The transaction is expected to close in September.
Fletcher's US, which sells a variety of premium bacon and fresh sausage products in the U.S. Pacific Northwest under the Fletcher's brand, maintains annual sales of approximately $17 million. It was founded by a predecessor of Premium Brands in 1985, then later sold as part of a larger transaction in 2004. Under the terms of the transaction, Hempler's will purchase Fletcher's US' business and production equipment, but not its plant in Algona, Wash. Correspondingly, Hempler's will transfer production of Fletcher's US' products to other manufacturing facilities in the United States, including its plants in Ferndale, Wash., and Kent, Wash.