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Divestiture • Food

Premium Brands Acquires Fletcher’s US

On August 15, 2016, Premium Brands acquired food company Fletcher’s US from Fletcher s Fine Foods for 5M USD

Acquisition Context
  • This is Premium Brands’ 13th transaction in the Food sector.
  • This is Premium Brands’ 11th largest (disclosed) transaction.
  • This is Premium Brands’ 4th transaction in the United States.
  • This is Premium Brands’ 4th transaction in Washington.

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M&A Deal Summary
Date August 15, 2016
Target Fletcher’s US
Sector Food
Buyer(s) Premium Brands
Sellers(s) Fletcher s Fine Foods
Deal Type Divestiture
Deal Value 5M USD

Target Company

Fletcher’s US

Washington, United States
Fletcher’s US, which sells a variety of premium bacon and fresh sausage products in the U.S. Pacific Northwest under the Fletcher’s brand. Fletcher’s is a trusted household name, soon to celebrate 100 years with roots deep in the Pacific Northwest. Company understand the importance of delivering high quality, responsibly produced and safe foods for customers.
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Buyer Overview 1

Buyer

Premium Brands

Richmond, British Columbia, Canada
Category Company
Founded 1917
Sector Food
Employees8,707
Revenue 6.5B CAD (2024)
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 Context for Buyer #
Overall 14 of 31
Sector: Food 13 of 28
Type: Divestiture 1 of 1
State: Washington 4 of 4
Country: United States 4 of 10
Year: 2016 2 of 6
Size (of disclosed) 11 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-22 Emballages C & C Packing

St. Leonard, Quebec, Canada

Emballages C & C Packing, Inc. is a supplier of a variety of fresh and frozen meat products to retailers and foodservice distributors.

Buy $146M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-13 Belmont Meat Products

Toronto, Ontario, Canada

Belmont Meat Products Ltd. is a manufacturer of burger patties in Canada and produces a wide variety of customized premium burgers for retail and foodservice customers across the country. Belmont is also in the process of introducing a number of its products into the U.S. retail market.

Buy $50M

Seller Profile 1

SELLER

Fletcher s Fine Foods

Algona, Washington, United States
Category Company
Founded 1917
Sector Food
DESCRIPTION

Fletcher’s has been a loved and well-known brand in Canada and the USA for generations because of its great tasting products. Founded in 1917, Fletcher’s has grown its range of products that today includes fresh and frozen sausages, smoked sausages, sliced deli meats, hams, roast beef and bacon.

Deal Context for Seller #
Overall 2 of 2
Sector: Food 2 of 2
Type: Divestiture 2 of 2
State: Washington 1 of 1
Country: United States 1 of 1
Year: 2016 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-18 Fletcher’s Fine Foods Of Canada

Ontario, Canada

Fletcher’s Fine Foods Of Canada is dedicated to producing the highest quality products from the finest ingredients to ensure the customers’ satisfaction.

Sell -

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