Monday, August 15, 2016

Premium Brands buys Fletcher’s Fine Foods


Premium Brands is using one of its subsidiaries to buy Fletcher’s Fine Foods in Washington state.

No price has been disclosed.

Fletcher's US, which sells a variety of premium bacon and fresh sausage products in the U.S. Pacific Northwest under the Fletcher's brand, has annual sales of approximately $17 million US. 

It was founded by a predecessor of Premium Brands in 1985, then sold as part of a larger transaction in 2004. 

Under the terms of the transaction, Hempler's will be purchasing Fletcher's US's business and production equipment but not its plant in Algona, Washington.

Hempler's will be transferring production of Fletcher's US's products to other manufacturing facilities in the U.S., including its plants in Ferndale and Kent, Washington.

"This transaction fits perfectly with our strategy of investing in companies with strong regional brands then providing their talented management teams with the resources needed to further strengthen their business and help accelerate their growth," said Mr. George Paleologou, President and chief executive officer.

Premium Brands is best known in Ontario for owning Piller’s Sausages and Delicatessens Ltd. of Waterloo.

Paleologou said "this transaction brings together three of the U.S. Pacific Northwest's most iconic specialty-packaged meat brands, namely Hempler's, Fletcher's, and Isernio's, which we acquired just last year. 


“All of these brands are known for their authentic, top quality, specialty products and their long histories of community engagement and charitable giving," he said.