Fort Capital is pleased to announce that Country Prime Meats Ltd. and an affiliated real estate holding company (“CPM” or the “Company”) have entered into a definitive agreement to be acquired by Premium Brands Holding Corporation (“Premium Brands”) (TSX:PBH).
Founded in 1996 by the Springmann family, CPM specializes in producing superior quality shelf-stable meat snacks that have reached international acclaim by winning Gold Medals at several food competitions in Europe. The Company primarily focuses on co-packing opportunities for businesses owned by Premium Brands, but also produces meat snacks for the U.S. market under its in-house brand.
CPM owns and operates a state-of-the-art production facility in Lac la Hache, British Columbia and is a leader in automated production and the use of robotics. The Company recently completed a significant investment in its facility to expand production and further service the growing opportunity in on-the-go protein snacks.
Premium Brands is an investment platform focused on acquiring and building food focused businesses in partnership with talented entrepreneurial management teams. Its current holdings consist primarily of manufacturers of specialty food products with strong proprietary brands and/or leading niche market positions and differentiated food distribution and wholesale businesses. The company services over 22,000 customers located across North America and generated $2.2B of sales in 2017.
Fort Capital Partners acted as financial advisor to CPM on the transaction.