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Premium Brands Holdings Corporation facts for kids

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Premium Brands Holdings Corporation
Public
Traded as TSX: PBH
S&P/TSX Composite Component
Industry Food Manufacturing and Distribution, Food service
Founded Richmond, British Columbia, Canada
Headquarters Richmond, British Columbia, Canada
Key people
 George Paleologou, President and Chief Executive Officer
Will Kalutycz, Chief Financial Officer
Products Foods
Revenue Green Arrow Up.svg$4.931 billion CAN (2021)
Number of employees
 c.15,000

Premium Brands Holdings Corporation is a big Canadian company that makes and sells many different kinds of special foods. You can find their products in stores and restaurants across Canada and the United States. This company's shares are traded on the Toronto Stock Exchange, which means people can buy and sell parts of the company.

Company History

Premium Brands started a long time ago, in 1917. Back then, it was called Fletcher Limited. In 1984, its name changed to Fletcher Fine Foods.

Becoming Premium Brands

The company changed its name again in 2000, becoming Premium Brands. A few years later, in 2004, they sold off the original Fletcher's part of the business.

In 2005, the company tried a different way of organizing itself, called an income trust. This helped them double their sales to $450 million. But by 2009, they changed back to being a regular company.

Growing with New Foods

Premium Brands grew a lot by buying other food companies.

  • In 2010, they bought SK Food Group for $42.5 million. This company made breakfast sandwiches and wraps for places like Starbucks.
  • Because of these new sandwich sales, Premium Brands' total sales more than doubled from 2010 to 2015, reaching $1.2 billion.
  • Their sandwich sales alone grew from $156.8 million to $460 million by 2016.
  • Also in 2016, they bought a meat company called C&C Packing for up to $146 million.
  • In 2018, Premium Brands bought Oberto Sausage Company, which is known for its jerky and other meat snacks.

Big Seafood Purchase

On November 9, 2020, Premium Brands made a very large purchase. They bought Clearwater Seafoods for $1 billion. They did this in partnership with a group of Miꞌkmaq First Nations. This was a very important deal because it was the "largest investment in the seafood industry by a Canadian Indigenous group."

What Premium Brands Does

Premium Brands owns many different businesses that make and sell special foods. They operate in both Canada and the United States.

Food Manufacturing and Distribution

The company has two main parts to its business:

  • Food Distribution: This means they deliver food products to stores and restaurants. About 60% of their money comes from this part of the business.
  • Food Manufacturing: This is where they actually make the food products. About 40% of their money comes from making food.

Popular Products

Premium Brands makes and sells many different kinds of food. Some of their most important products include:

  • Sandwiches: These make up about 25% of their sales.
  • Processed Meats: Things like sausages and deli meats, which are about 20% of sales.
  • Beef: This makes up about 14% of their sales.
  • Seafood: This is about 10% of their sales.

Sandwich Market

Premium Brands is a big player in the sandwich market.

  • They believe they sell about half of all packaged sandwiches in Canada.
  • In the United States, they sell about 5% to 10% of the packaged sandwiches.
  • They have factories that make sandwiches in Columbus, Ohio, and Reno, Nevada, as well as two factories in Canada.

Company Brands

Premium Brands owns many different food brands and businesses. Here are some of them:

  • Audrey's
  • B&C Foods
  • Belmont Meats
  • Bread Garden GO
  • Buddy's Kitchen
  • C&C Packing
  • Centennial Foodservice
  • Concord Premium Meats
  • Conte Foods
  • Country Prime Meats
  • Creekside Bakehouse
  • Diana's Seafood
  • Deli Chef
  • Duso's
  • Fletcher's US
  • Freybe
  • Frandon Seafood
  • Gloria’s Best of Fresh
  • Gourmet Chef
  • Expresco
  • Grimm’s
  • Harlan’s
  • Harvest
  • Ready Seafood
  • Hempler’s
  • Multi-Task Cold Storage Inc
  • 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
  • The Meat Factory
  • Westcadia
  • Yorkshire Valley Farms

See also

Official website

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