Premium Brands Holdings Corp., Canada, acquired Ontario, Canada-based Belmont Meats Products Ltd.
Belmont manufactures burger patties and a wide variety of customized premium burgers for retail and foodservice customers across Canada. Belmont is also in the process of introducing a number of its products into the U.S. retail market.
“We are not only very excited about Belmont’s business and the potential for it to grow under the Premium Brands umbrella, but also the role it will play in creating value in several of our other businesses. In particular we expect to generate significant synergies between Belmont’s business, our burger operations in western Canada and our Centennial Foodservice business’ recently announced initiative to expand into the Ontario market,” says George Paleologou, president and CEO. “Furthermore, Belmont’s strong management team significantly enhances our bench strength in the Ontario market.”
“We are very excited to be joining the Premium Brands family,” says Paul Roach, president and CEO of Belmont Meats. “Premium Brands has a great track record of partnering with management to build successful businesses. We are looking forward to working with them as we expand and grow our business in both Canada and the U.S.”