Premium Brands acquires US operations of Fletcher’s Fine Foods

Premium Brands Holdings' subsidiary Hempler Foods Group (Hempler's) has entered an agreement to acquire the business and certain assets of US-based Fletcher's Fine Foods (Fletcher's US). 

Subject to customary conditions, the deal is expected to close in September.

Premium Brands Holdings Corporation is a producer and distributor of branded specialty food products.

Fletcher's US sells bacon and fresh sausage products under the Fletcher's brand.

Founded in 1985, it has annual sales of approximately $17m.

According to the terms of the deal, Hempler's will acquire Fletcher's US's business and production equipment except its plant in Algona, Washington.

Premium Brands president and CEO George Paleologou said: “This transaction fits perfectly with our strategy of investing in companies with strong regional brands then providing their talented management teams with the resources needed to further strengthen their business and help accelerate their growth.

“Furthermore, this transaction brings together three of the US Pacific Northwest's most iconic specialty packaged meat brands, namely Hempler's, Fletcher's, and Isernio's, which we acquired just last year.

“All of these brands are known for their authentic, top quality, specialty products and their long histories of community engagement and charitable giving.”

Hempler's will also be transferring production of Fletcher's US's products to other manufacturing facilities, including its facilities in Ferndale and Kent in Washington.