M&A Deal Summary

Premium Brands Acquires Ready Seafood

On September 4, 2018, Premium Brands acquired distribution company Ready Seafood

Acquisition Highlights
  • This is Premium Brands’ 2nd transaction in the Distribution sector.
  • This is Premium Brands’ 9th transaction in the United States.
  • This is Premium Brands’ 1st transaction in Maine.

M&A Deal Summary
Date 2018-09-04
Target Ready Seafood
Sector Distribution
Buyer(s) Premium Brands
Deal Type Add-on Acquisition
Advisor(s) Bigelow (Financial)

Target

Ready Seafood

Portland, Maine, United States
Ready Seafood Co. is a wholesale live lobster and frozen lobster distribution company based in Portland Maine, has become one of Maine’s leading seafood exporters with more than 50 employees, shipping millions of pounds of live lobsters to nearly every corner of the world. Our team based employee model, makes for a competitive, fast paced work environment with tremendous growth opportunities.

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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 26 of 31
Sector (Distribution) 2 of 3
Type (Add-on Acquisition) 24 of 29
State (Maine) 1 of 1
Country (United States) 9 of 10
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-13 Select Food Products

North Plymouth, Minnesota, United States

Select Food Products, Inc. is a custom food manufacturer specializing in the sandwich, breakfast, snack and dessert categories. Select Foods prides itself on providing customized and innovative solutions to retail, club, convenience store, and foodservice customers. Select Food Products is based in North Plymouth, Minnesota.

Buy -
FOLLOWING 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 -
Mergr

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