VANCOUVER – Premium Brands Holdings Corp. has successfully completed its acquisition of United States-based protein supplier Stampede Culinary Partners Inc. The total value of the acquisition is approximately US$688 million, comprising US$512.5 million in cash, US$150 million in shares, along with capital adjustments and a cash reimbursement.
The announcement regarding this significant strategic move was made on December 10, signaling Premium Brands' commitment to expanding its operations in the U.S. market. The company aims to bolster its branded and customized cooked protein initiatives, furthering its influence in a competitive industry.
Founded around thirty years ago in Chicago, Stampede Culinary Partners originated as a butcher operation, initially focused on supplying meats to restaurants. Over the years, the company has diversified its product offerings, branching into sous vide options, plant-based proteins, and vegetables. This evolution reflects the changing demands of consumers and restaurants alike, as there is an increasing trend towards alternative protein sources.
Today, Stampede Culinary Partners boasts an impressive clientele, servicing over 40,000 restaurants and more than 60,000 retail stores across North America. This extensive reach not only highlights the company's substantial market presence but also forms a robust foundation for Premium Brands as it integrates Stampede into its operations.
Premium Brands is known for its diverse portfolio, owning several specialty food manufacturing businesses such as Piller's deli meats, Harvest sausages, and Italia Salami Co. Ltd., in addition to its food distribution arm. The integration of Stampede Culinary Partners is poised to enhance its manufacturing capabilities and product variety, positioning Premium Brands as a more formidable player in the food industry.
The completion of this acquisition reinforces Premium Brands' strategic objectives and enhances its ability to meet the evolving needs of consumers in the protein sector. With the growing trend toward customized and branded food products, this merger is indicative of the company’s forward-thinking approach to market demand.
This report was originally published on January 2, 2026, highlighting the significant impact this acquisition is expected to have on Premium Brands’ future growth and expansion strategies in both the U.S. and North American markets.
Companies involved in this story include Premium Brands Holdings Corp., traded on the Toronto Stock Exchange under the symbol (TSX:PBH).
