CANADA, Richmond, B.C. Belmont Meats Products Ltd. has been purchased for $50 mill. by Premium Brands Holdings Corp.
Belmont is a privately owned Toronto-based company that provides beef burger patties and other products to restaurants and retailers including supermarkets, warehouse stores and specialty frozen-food outlets.
It recently celebrated the 50th anniversary of its founding in 1966, with annual sales of about $120 million. The company has been a leader in the manufacturing and processing of foodservice and retail protein products for years. Quality and innovation are the cornerstones of the company’s success and it has built a strong reputation around market-insight and the guidance it provides its customers.
The “made to specification” beef products can be found in North America and international markets as private label offerings and Belmont branded solutions. The company is a trusted advisor and premium-protein supplier to the following operators in foodservice and retail: QSR chains, casual and fast-casual dining concepts, non-commercial institutional segment, retail supermarkets, club/warehouse stores and specialty frozen food stores
Premium Brands is a Vancouver-based company that produces specialty meat products. It paid $49.2 mill. cash for Belmont plus shares worth $800,000.
The company has operations in six provinces from British Columbia to Quebec and four states. It owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada and Washington State. The company services over 22,000 customers.