Premium Brands invests in Expresco Foods
Vancouver holding company hopes to accelerate Expresco’s growth
Vancouver, B.C. – Premium Brands Holdings Corp. has announced that it has acquired a majority interest in Montreal, Que.-based Expresco Foods Inc.
Expresco Foods manufactures high-quality grilled protein products for foodservice and retail, under the West End brand. The company has annual sales of approximately $50 million, and a 44,000-sq.-ft. processing facility in Montreal.
Founded in 1987, Expresco has recently seen substantial growth as its products continue to meet consumer demand for convenient, healthy and flavourful protein solutions.
“This transaction is another example of how we work with talented and successful entrepreneurs to create customized ownership solutions that meet their unique personal and business needs,” says George Paleologou, president and CEO of Premium Brands. “Looking forward, we will be working…to accelerate Expresco’s growth through a number of capital and operational expansion initiatives including leveraging our extensive marketing and distribution infrastructures in both Canada and the U.S. to expand its customer base, using our leading protein focused brands to increase Expresco’s presence in the deli departments of small and large retailers, and incorporating Expresco’s products into our sandwich products.”
Premium Brands is a diversified specialty food company, operating a variety of brands and businesses in B.C., Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, Ohio and Washington State.