Premium Brands, owners of Piller’s Meats and Delicatessens
Ltd. of Waterloo, made a profit of $18.4 million during its second quarter,
reversing last year’s loss of $10.5 million for the same quarter.
The Vancouver-based specialty food products maker had sales of
$462.9 million, up by 27.4 percent year from a year ago.
It also announced it will build a 212,000 square-foot
sandwich assembly plant in Phoenix, Arizona.
George Paleologou, the company’s president and chief
executive officer, said the second-quarter success is attributable to
acquisitions and new internal growth strategies including product innovation in
“high growth” product categories, investment in new technologies and
geographical expansion.
