Specialty foods producer Premium Brands, through its subsidiary Hempler Foods Group, has acquired sausage brand Isernio's.
Valued at around $12m, the acquisition will bring together two of the US Pacific Northwest's specialty packaged meat brands Hempler's and Isernio's whose products are said to be made with wholesome ingredients.
Founded in 1980, Isernio's operates a 28,000ft2 facility in Kent, Washington where it produces fresh sausage. It generates close to $14m in annual sales.
Premium Brands president and CEO George Paleologou said: "Isernio's met all of our acquisition criteria including a strong management team, an authentic specialty foods brand and a niche market based business strategy.
"Looking forward, we are very confident that Isernio's, which has been growing at double digit rates in recent years, will be able to further accelerate its growth by leveraging Premium Brands' sales and marketing infrastructure in the US and our Canadian operations' infrastructure in Canada."
Premium Brands has specialty food manufacturing and differentiated food distribution operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, Ohio and Washington State.
