M&A Deal Summary

Premium Brands Acquires Freybe Gourmet Foods

On March 25, 2013, Premium Brands acquired food company Freybe Gourmet Foods for 55M USD

Acquisition Highlights
  • This is Premium Brands’ 10th transaction in the Food sector.
  • This is Premium Brands’ 5th largest (disclosed) transaction.
  • This is Premium Brands’ 9th transaction in Canada.
  • This is Premium Brands’ 4th transaction in British Columbia.

M&A Deal Summary
Date 2013-03-25
Target Freybe Gourmet Foods
Sector Food
Buyer(s) Premium Brands
Deal Type Add-on Acquisition
Deal Value 55M USD
Advisor(s) Fort Capital Partners (Financial)

Target

Freybe Gourmet Foods

Langley, British Columbia, Canada
Freybe is one of western Canada’s major manufacturers of premium gourmet deli meats with annual sales of approximately $78 million and a state-of-the-art 118,000 square foot production facility located in Langley, BC. It is currently owned and operated by the Freybe family who founded it in 1844.

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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 11 of 31
Sector (Food) 10 of 28
Type (Add-on Acquisition) 10 of 29
State (British Columbia) 4 of 7
Country (Canada) 9 of 21
Year (2013) 1 of 1
Size (of disclosed) 5 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-04 Piller Sausages & Delicatessens

Waterloo, Ontario, Canada

Piller’s is one of Canada’s major manufacturers of specialty European deli meats with annual sales of approximately $180 million and over 600 employees. It is currently owned and operated by the Huber family who founded it in 1957.

Buy $74M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-07 Isernio s

Kent, Washington, United States

Isernio's, Inc. is a premium fresh sausage brand in the U.S. Pacific Northwest. It operates out of a new 28,000 square foot production facility based in Kent, WA.

Buy $12M
Mergr

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