Canadian food giant nets Maximum Seafood

Premium Brands Holdings Corp. has announced that it acquired a 76% stake in Toronto-based Maximum Seafood, a fresh and live seafood supplier with annual sales of approximately CA$56 million (US$53 million).

Combined with its existing seafood business, Premium Brands expects to bring in approximately CA$85 million (US$80 million) in annual seafood sales and expand its distribution reach across Canada.

Premium Brands has distribution operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Washington state.

The company's range of specialty food brands include Grimm's, Harvest, McSweeney's, Bread Garden Express, Hygaard, Hempler's, Quality Fast Foods, Gloria's Best of Fresh, Harlan's, Creekside Bakehouse, Centennial Foodservice, B&C Foods and Duso's Fine Foods.