Company type | Public |
---|---|
TSX: PBH S&P/TSX Composite Component | |
Industry | Food Manufacturing and Distribution, [1] Food service [1] |
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 | $4.931 billion CAN (2021) |
Number of employees | c.15,000 |
Website | www |
Premium Brands Holdings Corporation is a Canadian specialty food manufacturing and distribution company. It is a publicly traded corporation on the Toronto Stock Exchange.
Premium Brands was founded in 1917 as Fletcher Limited. [2] It was renamed Fletcher Fine Foods in 1984. [2] In 2000, the company re-branded to Premium Brands. [3] The company sold its Fletcher's business in 2004. [3] In 2005, it converted to an income trust, but it converted back to a normal corporation in 2009, through a complex deal with Thallion Pharmaceuticals. [4] In its time as an income trust, the company had doubled revenues to $450 million. [4] In 2010, Premium Brands acquired SK Food Group, a Seattle-based supplier of breakfast sandwiches and wraps to Starbucks, for $42.5 million. [5] Partly as a result of increased sales of these products, Premium Brands' overall sales more than doubled in the 5 years from 2010 to 2015, to $1.2 billion. [6] The company's sandwich sales increased from $156.8 million to $460 million in 2016. [7] In 2016, the company purchased meat company C&C Packing for up to $146 million. [8]
In April 2018, Premium Brands acquired Oberto Sausage Company. [9]
On November 9, 2020, Premium Brands acquired Clearwater Seafoods for $1 billion in partnership with a group of Miꞌkmaq First Nations. The purchase represented the "largest investment in the seafood industry by a Canadian Indigenous group". [10]
Premium Brands owns a range of specialty food manufacturing and differentiated food distribution businesses with operations in Canada and the United States. As of 2017, approximately 60% of revenue was from food distribution, and 40% was from food manufacturing. [2] Significant products include sandwiches (25% of revenue), processed meats (20% of revenue), beef (14% of revenue), and seafood (10% of revenue). [2]
The company estimates it has about 50% of the packaged sandwich market in Canada, and 5-10% of the American market. [6] It has sandwich manufacturing facilities in Columbus, Ohio, and Reno, Nevada, as well as two plants in Canada. [6]
The Company's brands and businesses include 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 and Yorkshire Valley Farms.[ citation needed ]
The J.M. Smucker Company, also known as Smuckers, is an American manufacturer of food and beverage products. Headquartered in Orrville, Ohio, the company was founded in 1897 as a maker of apple butter. J.M. Smucker currently has three major business units: consumer foods, pet foods, and coffee. Its flagship brand, Smucker's, produces fruit preserves, peanut butter, syrups, frozen crustless sandwiches, and ice cream toppings.
The Sara Lee Corporation was an American consumer-goods company based in Downers Grove, Illinois. On July 4, 2012, Sara Lee Corporation was split into two companies: one for North American operations renamed Hillshire Brands, the other for international beverage and bakery businesses named D.E Master Blenders 1753.
Armour & Company was an American company and was one of the five leading firms in the meat packing industry. It was founded in Chicago, in 1863, by the Armour brothers led by Philip Danforth Armour. By 1880, the company had become Chicago's most important business and had helped make Chicago and its Union Stock Yards the center of America's meatpacking industry. During the same period, its facility in Omaha, Nebraska, boomed, making the city's meatpacking industry the largest in the nation by 1959. In connection with its meatpacking operations, the company also ventured into pharmaceuticals and soap manufacturing, introducing Dial soap in 1948.
Farmland Industries was the largest agricultural cooperative in North America when it eventually sold all of its assets in 2002–04. During its 74-year history, Farmland served its farmer membership as a diversified, integrated organization, playing a significant role in agricultural markets both domestically and worldwide.
Oberto is an American family-owned business that makes meat snacks including all natural jerky, pepperoni, charcuterie, chicken bites and other smoked meats. The company was founded in 1918 by Constantino Oberto in Seattle, Washington. It is now headquartered in Kent, Washington. The company sells products under the following brand names: Oberto, Oberto Classics, Lowrey's Meat Snacks, Pacific Gold Beef Jerky and Cattleman's Cut brands.
Richardson International Limited is a privately held Canadian agricultural and food industry company headquartered in Winnipeg, Manitoba. The company is one of several companies that are owned by James Richardson & Sons Limited. The company is a worldwide handler and merchandiser of all major Canadian-grown grains and oilseeds and a vertically integrated processor and manufacturer of oats and canola-based products. Richardson has over 2,500 employees across Canada, the U.S. and U.K. Richardson International is a subsidiary of James Richardson & Sons, Limited, established in 1857.
Cranswick plc is a leading UK food producer and supplier of premium, fresh and added-value food products. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Steak-umm is a brand of thin-sliced frozen steaks manufactured by The Steak-Umm Company, LLC. Steak-umms are sold in supermarkets throughout the United States and are used for making homemade Philadelphia-style cheesesteaks. The company claims to be "the best-known sandwich steak brand in America" and to have "helped turn the regional 'Philly Cheese Steak' Sandwich into standard fare on America's dinner tables over four decades ago". The company also produces ready-to-cook hamburger patties that are available in "Original" and "Sweet Onion" varieties.
Richelieu Foods is an American private label food manufacturing company founded in 1862 and headquartered in Wheeling, Illinois. It was previously owned by investment group Brynwood Partners and owned by investment group Centerview Partners LLC from 2010 to December 2017, when it was sold to Parsippany, New Jersey-based Freiberger USA Inc., a subsidiary of the German Südzucker AG.
MTY Food Group Inc. is a Canadian franchisor and operator of numerous casual dining, fast casual, and quick service restaurants operating under more than 70 brand names, some of them through wholly owned subsidiaries. Headquartered in the Montreal borough of Saint-Laurent, Quebec, the number of outlets carrying MTY brands reached 5,500 in 2017. Stanley Ma is the group founder, President and CEO. MTY Food Group's brands include Thaï Express, Country Style, Groupe Valentine, Vanelli's, Extreme Pita, Cultures, La Crémière, Sushi Shop, Veggirama, Caferama, O'burger, Tiki Ming, Vie & Nam, Au Vieux Duluth Express, FranxSupreme, ChicknChick, Croissant Plus, Koya Japan, Kim Chi, Panini, Tandori, Tutti Frutti, Villa Madina Mediterranean Cuisine, Sukiyaki, Taco Time, Yogen Früz, and the Canadian branch of TCBY.
US Foods Holding Corp. is an American food service distributor founded in 1989. With approximately $24 billion in annual revenue, US Foods was the 10th largest private company in the US up until its IPO. Many of the entities that make up US Foods were founded in the 19th century, including one that sold provisions to travelers heading west during the 1850s gold rush. US Foods offers more than 350,000 national brand products and its own "exclusive brand" items, ranging from fresh meats and produce to prepackaged and frozen foods. The company employs approximately 25,200 people in more than 60 locations nationwide and provides food and related products to more than 250,000 customers, including independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. The company is headquartered in Rosemont, Illinois, and is a publicly traded company trading under the ticker symbol USFD on the New York Stock Exchange.
Marel is a multi-national food processing company based in Iceland and headquartered in Garðabær. The company manufactures equipment and other services for food processing in the poultry, meat, and fish industries. It employs approximately 8,000 people in offices and subsidiaries in over 30 countries.
OSI Group is an American privately owned holding company of meat processors that service the retail and food service industries with international headquarters in Aurora, Illinois. It operates over 65 facilities in 17 countries. Sheldon Lavin was the owner, CEO and chairman until his death in May 2023.
Tata Consumer Products Limited is an Indian fast-moving consumer goods company and a part of the Tata Group. Its registered office is located in Kolkata while its corporate headquarters is in Mumbai. It is the world's second-largest manufacturer and distributor of tea and a major producer of coffee.
Monde Nissin Corporation, commonly known as Monde Nissin or abbreviated as MNC, is a Philippine multinational food and beverage company with a portfolio of brands across instant noodles, biscuits, baked goods, culinary aids and alternative meat products categories, including Lucky Me!, SkyFlakes, Fita, M.Y. San Grahams and Nissin. Monde Nissin also sells its alternative meat products globally under Quorn Foods and the Quorn brand.
Monogram Foods is a privately held, Memphis, Tennessee-based, manufacturer and marketer of packaged and value-added foods. The company, which distributes its products nationwide, operates manufacturing and distribution facilities in Indiana, Iowa, Massachusetts, Minnesota, Tennessee, Virginia, and Wisconsin. Monogram Foods manufactures a number of items, including beef jerky, corn dogs, frozen appetizers, assembled sandwiches, and baked goods.
Hilcona AG, based in Schaan in the Principality of Liechtenstein, is an international food manufacturer.
Clearwater Seafoods is a seafood company based in Bedford, Nova Scotia, Canada. It is the largest shellfish producer in North America.
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