Premium Brands acquires Leadbetter Foods
Leadbetter Foods operates two production facilities, including a modern 47,000-square-foot custom-designed bacon operation built in 2012, both of which are located in Orillia, Ontario.
Premium Brands Holdings Corp., Canada, acquired Ontario, Canada-based Leadbetter Foods Inc., a manufacturer of specialty bacon, fresh and frozen burgers and portion-cut steaks. Leadbetter Foods operates two production facilities, including a modern 47,000-square-foot custom-designed bacon operation built in 2012, both of which are located in Orillia, Ontario.
"This transaction is the next step toward our objective of building a leading specialty protein platform in Ontario. Not only does Leadbetter perfectly complement our Ontario-based Belmont Meats' burger business, but it will also help with the launch of our Centennial business' Ontario operations when Centennial opens its new 105,000-square-foot custom cutting and distribution facility in the Toronto region at the end of this year," says George Paleologou, president and CEO of Premium Brands.
"We are very excited to be joining the Premium Brands family," says Phil Leadbetter, president and CEO of Leadbetter Foods. "We have been doing business with Premium Brands for many years, and know, like and respect its unique culture and core values. Looking forward, I have no doubt that we will be able to take our business to the next level of its development by leveraging the many advantages that Premium Brands has to offer, including access to capital, marketing resources and a variety of new internal and external sales opportunities.”