Business
Premium Brands Holdings Corporation Announces the Acquisition of Stampede Culinary Partners and Concurrent Equity and Convertible Debenture Offerings
All amounts in Canadian dollars unless otherwise stated NOT FOR DISTRIBUTION TO U.S. NEWSWI...
About this update from Premium Brands Holdings Corporation
[{"type":"text","content":"Premium Brands Holdings Corporation Announces the Acquisition of Stampede Culinary Partners and Concurrent Equity and Convertible Debenture Offerings\n\n\n\n\n All amounts in Canadian dollars unless otherwise stated\n \n\n\n NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION INTHE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.\n \n\n\n The base shelf prospectus is accessible, and the shelf prospectus supplement for the public offering will be accessible within two business days, through SEDAR+\n \n\n\n VANCOUVER, British Columbia, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Premium Brands Holdings Corporation (“\n \n Premium Brands\n \n ” or the “\n \n Company\n \n ”) (TSX: PBH) is pleased to announce that it has entered into a definitive agreement to indirectly acquire all of the issued and outstanding shares of Stampede Culinary Partners, Inc. (“\n \n Stampede\n \n ”), a leading culinary solutions and protein platform with a nationwide presence in the United States (the “\n \n Acquisition\n \n ”).\n \n\n The purchase price for the Acquisition, subject to customary post-closing net working capital adjustments, will be approximately US$662.5 million and will consist of (i) US$512.5 million in cash and (ii) the issuance of US$150.0 million of common shares (approximately 2.2 million common shares) of the Company to the seller. In addition, the seller will be entitled to a one-time aggregate earn-out payment of up to US$100.0 million based on Stampede achieving certain profitability targets over the full two fiscal years following the Acquisition.\n \n\n “Over the past couple of years, we have made significant investments in production capacity to support the growth of our market-leading branded and customized cooked protein initiatives in the U.S.,” said Mr. George Paleologou, President and CEO of Premium Brands. “The acquisition of Stampede will further accelerate our growth in this market by:\n \n\n\n Strengthening our presence in the U.S. foodservice channel as most of our current strategies are focused on the retail and club store channels;\n \n\n Enhancing our production capabilities through the addition of sous vide cooking capacity as most of our existing cooking capacity uses ...