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Premium Brands, a Canadian producer of branded speciality food products, has announced the acquisition of a 100% stake of Ontario-based Leadbetter Foods, a meat products firm.
Leadbetter Foods manufactures bacon, fresh and frozen burgers and portion cut steaks which it markets under brands such as Cowboy Burgers and Cowboy Steaks, and has annual revenues of $55 million. The firm operates two production facilities, including a modern 47,000 sq ft custom designed bacon operation built in 2012, both of which are located in Orillia, Ontario.
“This transaction is the next step towards our objective of building a leading specialty protein platform in Ontario”, commented Premium Brands president & CEO George Paleologou. “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”.
Source: Premium Brands / Leadbetter Foods
