M&A Deal Summary

Premium Brands Acquires Allseas Fisheries

On August 31, 2020, Premium Brands acquired distribution company Allseas Fisheries

Acquisition Highlights
  • This is Premium Brands’ 3rd transaction in the Distribution sector.
  • This is Premium Brands’ 19th transaction in Canada.
  • This is Premium Brands’ 6th transaction in Ontario.

M&A Deal Summary
Date 2020-08-31
Target Allseas Fisheries
Sector Distribution
Buyer(s) Premium Brands
Deal Type Add-on Acquisition

Target

Allseas Fisheries

Toronto, Ontario, Canada
Allseas Fisheries Corp. is a distributor of fresh and frozen seafood to retail, foodservice, and wholesale customers. Allseas Fisheries was established in 1986 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Premium Brands

Richmond, British Columbia, Canada
Category Company
Founded 1917
Sector Food
Employees8,707
Revenue 6.3B CAD (2023)
DESCRIPTION

Premium Brands is a manufacturer and distributor of food products in Canada and the United States. Premium Brands was incorporated in 1917 and is headquartered in Richmond, British Columbia.

DEAL STATS #
Overall 28 of 31
Sector (Distribution) 3 of 3
Type (Add-on Acquisition) 26 of 29
State (Ontario) 6 of 6
Country (Canada) 19 of 21
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-31 Global Gourmet Foods

Richmond, British Columbia, Canada

Global Gourmet Foods, Inc. is a provider of ready-to-eat kettle-cooked food solutions, including protein-based fillings, specialty sauces, soup bases, and side dishes, to retailers and restaurants in Canada and internationally. Global Gourmet Foods was established in 1988 and is based in Richmond, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-20 Clearwater Seafoods

Bedford, Nova Scotia, Canada

Clearwater Seafoods, Inc. is a vertically integrated seafood company and the largest holder of shellfish licenses and quotas in Canada. It is recognized globally for its superior quality, food safety, diversity of species, and reliable worldwide delivery of premium wild, eco-certified seafood, including scallops, lobster, clams, coldwater shrimp, crab, and groundfish. Clearwater Seafoods was founded in 1976 and is based in Bedford, Canada.

Buy $1.0B
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