Canada’s Premium Brands Holdings expects to close more acquisitions in the remaining weeks of 2017 – and expects a “busy” 12 months of deal-making next year, the company’s president and CEO has said.
George Paleologou said yesterday (14 November) Premium Brands Holdings – which struck three deals in the third quarter of 2017 – thinks it will “announce several more transactions before the end of the year”, without disclosing which companies the group was targeting.
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Looking ahead to next year, Paleologou added: “We have signed letters of intent with a number of other businesses that we expect will make 2018 another very busy year for acquisitions.”
Paleologou’s comments came alongside the publication of Premium Brands Holdings’ third-quarter and nine-month financial results.
The company posted nine months of higher revenue and profits, although the company saw “transitory factors” weigh on its third-quarter numbers.
In September, Premium Brands Holdings snapped up local packaged meats supplier Skilcor Food Products, Canadian burger and steak business Leadbetter Foods.
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By GlobalDataIn August, the group revealed it had invested US$2m in US cracker firm Partners.
