Premium Brands Acquires NSP Quality Meats, Casa Di Bertacchi and Italia Salami

Premium Brands Holdings Corporation completed the acquisitions of NSP Quality Meats, Casa Di Bertacchi and Italia Salami for a total purchase price of US$66.0 million (US$50.0 million cash, US$10.0 million common shares and US$6.0 million contingent consideration). The three businesses have combined annual sales of approximately US$200 million and will add cooked-protein and cured-meat production capacity to Premium Brands' Specialty Foods Group; the company also completed a US$68.0 million sale-and-leaseback of an expanded Hempler's production facility.