CANADA, Vancouver. Premium Brands Holdings Corp. has acquired a 100% interest in Ontario-based Skilcor Food Products.
Premium Brands is a leading producer, marketer and distributor of branded specialty food product and Skilcor is one of Canada's leading manufacturers of cooked back ribs and other unique protein products.
"Skilcor further strengthens our rapidly growing presence in central Canada's protein manufacturing and protein distribution segments. It will not only expand our portfolio of products but will also give us specialized production capacity that will enable us to provide customers with premium quality differentiated protein solutions in the high growth ready-to-eat product category", said George Paleologou, president and CEO of Premium Brands. "In addition, Skilcor's experienced and talented management team will further enhance the depth of our Protein Platform in central Canada."
Skilcor has annual sales of approximately CAN$27 mill. and operates out of a 34,000-sq.-ft. facility that was built in 2006.
"I have no doubt that Premium Brands is the right partner for us, our company and our people", said Deborah Kinzinger, Founder and Chair of Skilcor. "I am very proud of our team, our culture and our products and of how much we have accomplished since Skilcor was founded back in 1969. We are looking forward to working with the other companies under the Premium Brands umbrella to help accelerate our growth across Canada and into the US. "