USA: Premium Brands buys three meat brands

Premium Brands, the speciality food business, has acquired meat companies NSP Quality Meats, Casa Di Bertacchi, and Italia Salami for a combined value of $66 million.

The three companies together generate around $200 million in annual sales and are described as having facilities in strategic locations across the USA. Casa Di Bertacchi manufacturers both branded and private-label cooked meats, with facilities in New Jersey, while Italia Salami specialises in dry cured Italian salami, with facilities in Ontario, Canada. NSP Quality Meats specialises in cooked protein and deli meats with manufacturing facilities in Oklahoma, Texas, and Missouri.

Commenting on the deal, Premium Brands CEO George Paleologou stated: “NSP and Casa will play major roles in supporting the continued growth of our market-leading branded cooked protein initiatives in the US by providing much-needed capacity and improving our access to additional key US markets”.

Source: Food & Beverage Business