Premium Brands Holdings Corporation facts for kids
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| 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 |
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Key people
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George Paleologou, President and Chief Executive Officer Will Kalutycz, Chief Financial Officer |
| Products | Foods |
| Revenue |  $4.931 billion CAN (2021) |
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Number of employees
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c.15,000 |
Premium Brands Holdings Corporation is a Canadian company that makes and distributes special food products. It is a public company, which means its shares can be bought and sold on the Toronto Stock Exchange.
History of Premium Brands
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.
In the year 2000, the company changed its name again to Premium Brands. A few years later, in 2004, they sold off the Fletcher's part of their business.
The company changed how it was set up for a while, becoming an "income trust" in 2005. This helped their sales grow a lot, doubling to $450 million. By 2009, they changed back to being a regular corporation.
In 2010, Premium Brands bought a company called SK Food Group for $42.5 million. SK Food Group made breakfast sandwiches and wraps for places like Starbucks. Because of these new products, Premium Brands' total sales more than doubled between 2010 and 2015, reaching $1.2 billion.
Their sandwich sales kept growing, going from $156.8 million to $460 million by 2016. In the same year, Premium Brands bought a meat company called C&C Packing for up to $146 million.
In April 2018, Premium Brands added Oberto Sausage Company to its group of businesses.
More recently, on November 9, 2020, Premium Brands teamed up with a group of Miꞌkmaq First Nations to buy Clearwater Seafoods. This big purchase cost $1 billion. It 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 distribute special foods. They operate in both Canada and the United States.
In 2017, about 60% of their money came from distributing food, and 40% came from making food. Some of their main products include sandwiches, processed meats, beef, and seafood.
The company believes it sells about half of all packaged sandwiches in Canada. In the American market, they sell about 5-10% of packaged sandwiches. They have factories that make sandwiches in Columbus, Ohio, and Reno, Nevada, as well as two factories in Canada.
Premium Brands has many different brands and businesses under its name. These include Audrey's, Belmont Meats, Buddy's Kitchen, Centennial Foodservice, Conte Foods, Creekside Bakehouse, Diana's Seafood, Deli Chef, Duso's, Freybe, Grimm’s, Harlan’s, Harvest, Hempler’s, Hygaard, Isernio's, Island City Baking, Larosa Fine Foods, Leadbetters, McSweeney’s, Maximum Seafood, Oberto Brands, Piller's, Quality Fast Foods, Raybern's, Shahir, Shaw Bakers, SK Food Group, The Meat Factory, and Yorkshire Valley Farms.
See also
Official website
- Premium Brands Holdings Corporation official website: http://www.premiumbrandsholdings.com
