Premium Brands Holdings Corp. makes moves
A producer, marketer and distributor of branded specialty food products, Premium Brands Holdings Corp. has completed four strategic transactions:
- Acquired NSP Quality Meats, a cooked protein and deli meats manufacturer with plants located in Oklahoma, Texas and Missouri.
- Acquired Casa Di Bertacchi, a branded and private-label cooked protein product manufacturer with a New Jersey plant.
- Acquired Italia Salami, a manufacturer of authentic dry-cured Italian salami with a plant in Ontario.
- Sold and leased back its recently expanded Hempler’s deli meats production facility in Washington, resulting in approximately $68.0 million gross proceeds.
The total purchase price for the NSP, Casa and Italia businesses, which have combined annual sales of approximately $200 million, was $66.0 million. All three are expected to accrue to the Company’s 2025 earnings per share.
“We are very pleased to welcome NSP, Casa and Italia into our ecosystem and to be partnering with the management teams of these well-known and long-established businesses,” said George Paleologou, president and CEO of Premium Brands in a release. “NSP and Casa will play major roles in supporting the continued growth of our market-leading branded cooked protein initiatives in the U.S. by providing much-needed capacity and improving our access to additional key U.S. markets. In addition, these businesses will significantly enhance our Specialty Foods Group’s ability to largely mitigate any potential border and tariff-related risks.”
