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Premium Brands, the Canadian specialty food manufacturer, has completed the acquisition of Stampede Culinary Partners, a US-based protein supplier, for approximately $688 million.
The transaction for the Chicago-headquartered firm comprised $512.5 million in cash and $150 million in common shares, alongside capital adjustments and cash reimbursements. Originally founded 30 years ago as a butcher operation, Stampede has evolved into a major supplier of sous-vide, plant-based proteins and value-added vegetables, servicing over 40,000 restaurants and 60,000 retail stores across North America.
Premium Brands, which owns brands such as Piller’s deli meats and Harvest sausages, stated that the deal will accelerate its growth in branded and customised cooked protein initiatives within the US market. The company recently strengthened its American footprint further through the acquisition of NSP Quality Meats as part of a $66 million multi-company deal to mitigate border and tariff-related risks.
Premium Brands president and CEO George Paleologou commented: “Stampede will play a major role 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: Canadian Manufacturing / North Shore News / Just Food
