M&A Deal Summary

Premium Brands Acquires Island City Baking

On December 1, 2016, Premium Brands acquired food company Island City Baking for 20M USD

Acquisition Highlights
  • This is Premium Brands’ 16th transaction in the Food sector.
  • This is Premium Brands’ 8th largest (disclosed) transaction.
  • This is Premium Brands’ 13th transaction in Canada.
  • This is Premium Brands’ 6th transaction in British Columbia.

M&A Deal Summary
Date 2016-12-01
Target Island City Baking
Sector Food
Buyer(s) Premium Brands
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

Island City Baking

Richmond, British Columbia, Canada
Island City Baking is a manufacturer of fresh and frozen artisan breads. Island City Baking was established in 1990 and is headquartered in Richmond, British Columbia.

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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 17 of 31
Sector (Food) 16 of 28
Type (Add-on Acquisition) 15 of 29
State (British Columbia) 6 of 7
Country (Canada) 13 of 21
Year (2016) 5 of 6
Size (of disclosed) 8 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 Conte Foods

Burnaby, British Columbia, Canada

Conte Foods is a distributor of a variety of specialty food products including items imported from various parts of Europe and fresh pasta produced at its new 16,000 square foot facility located in Burnaby, BC.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-08 Diana’s Seafood

Toronto, Ontario, Canada

Diana’s Seafood Delight, the city’s finest fish market offers you a vast selection of fresh fish from all over the world. Its wholesale distribution centre caters daily to the varied needs of many of Toronto’s best hotels and restaurants. Diana’s delight seafood salad is the finest in North America.

Buy -
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