Richmond, BC-based food processor Premium Brands has announced the completion of a series of transactions involving the sale of non-core assets, which have generated proceeds of C$5.6m (US$3.55m). A nominal gain on the transactions will be recorded in the first quarter of 2002. The majority of the proceeds relate to the sale of Premium Brands' 40% equity interest in hog producer Peace Pork Inc, with the balance coming from the sale of redundant capital assets.