Premium Brands Holdings Corporation

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Premium Brands Holdings Corporation
Public
Traded asTSXPBH
S&P/TSX Composite Component
IndustryFood Manufacturing and Distribution,[1] Food service[1]
FoundedRichmond, British Columbia, Canada
HeadquartersRichmond, British Columbia, Canada
Key people
George Paleologou, President and Chief Executive Officer
Will Kalutycz, Chief Financial Officer
ProductsFoods
RevenueGreen Arrow Up.svg$1.862 billion CAN (2016)
Number of employees
6,500
Websitewww.premiumbrandsholdings.com

Premium Brands Holdings Corporation is a Canadian specialty food manufacturing and distribution company. It is a publicly traded corporation on the Toronto Stock Exchange.

History[edit]

Premium Brands was founded in 1917 as Fletcher Limited.[2] It was renamed Fletcher Fine Foods in 1984.[2] In 2000, the company re-branded to Premium Brands.[3] The company sold its Fletcher's business in 2004.[3] In 2005, it converted to an income trust, but it converted back to a normal corporation in 2009, through a complex deal with Thallion Pharmaceuticals.[4] In its time as an income trust, the company had doubled revenues to $450 million.[4] In 2010, Premium Brands acquired SK Food Group, a Seattle-based supplier of breakfast sandwiches and wraps to Starbucks, for $42.5 million.[5] Partly as a result of increased sales of these products, Premium Brands' overall sales more than doubled in the 5 years from 2010 to 2015, to $1.2 billion.[6] The company's sandwich sales increased from $156.8 million to $460 million in 2016.[7] In 2016, the company purchased meat company C&C Packing for up to $146 million.[8]

Profile[edit]

Premium Brands owns a range of specialty food manufacturing and differentiated food distribution businesses with operations in Canada and the United States. As of 2017, approximately 60% of revenue was from food distribution, and 40% was from food manufacturing.[2] Significant products include sandwiches (25% of revenue), processed meats (20% of revenue), beef (14% of revenue), and seafood (10% of revenue).[2]

The company estimates it has about 50% of the packaged sandwich market in Canada, and 5-10% of the American market.[6] It has sandwich manufacturing facilities in Columbus, Ohio, and Reno, Nevada, as well as two plants in Canada.[6]

The Company's brands and businesses include Audrey's, B&C Foods, Belmont Meats, Bread Garden GO, Buddy's Kitchen, C&C Packing, Centennial Foodservice, Conte Foods, Creekside Bakehouse, Diana's Seafood, Deli Chef, Duso's, Fletcher's US, Freybe, Gloria’s Best of Fresh, Gourmet Chef, Expresco, Grimm’s, Harlan’s, Harvest, Hempler’s, Hub City Fisheries, Hygaard, Interprovincial Meat Sales, Isernio's, Island City Baking, Larosa Fine Foods, Leadbetters, McSweeney’s, Maximum Seafood, Oberto Brands, Ocean Miracle, OvenPride, Partners, Piller's, Premier Meat Packers, Quality Fast Foods, Raybern's, Shahir, Shaw Bakers, Skilcor Food Products, Stuyver's Bakestudio, SK Food Group and Westcadia.

See also[edit]

References[edit]

  1. ^ a b "About Us." Premium Brands (official website). Accessed August 2011.
  2. ^ a b c d "Premium Brands Holdings AIF 2007" (PDF).
  3. ^ a b Communications, Farm Business. "Fletcher's brand returns to Premium Brands - AGCanada". AGCanada. Retrieved 2018-04-10.
  4. ^ a b "Premium Brands giving up trust structure | The Star". The Toronto Star. 2009-06-03. Retrieved 2018-04-10.
  5. ^ "Starbucks supplier SK Food Group acquired". Puget Sound Business Journal. 2010-10-19.
  6. ^ a b c "This Canadian food company is growing like crazy because of Starbucks grab-and-go breakfast sandwiches". Financial Post. 2015-05-26. Retrieved 2018-04-10.
  7. ^ "The Canadian secret behind the sandwiches at Starbucks". The Globe and Mail. Retrieved 2018-04-10.
  8. ^ "Premium Brands buying Montreal meat firm C&C Packing for up to $146M". CTVNews. 2016-03-22. Retrieved 2018-04-10.