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Premium Brands to acquire 4 companies

Food distributor Premium Brands Holdings Corp. will acquire four Canadian companies that manufacture meat and seafood products, according to its annual report released March 14.

The company said it signed definitive agreements in March to purchase Ontario-based protein products makers Concord Premium Meats Ltd. and The Meat Factory Ltd., meat snack producer Country Prime Meats Ltd. and seafood distributor Frandon Seafoods Inc.

Financial terms of the deals were not disclosed.

Meanwhile, Premium Brands also declared a quarterly dividend of 47.5 Canadian cents per share, up 13.1% from the previous 42 Canadian cents per share.