Vancouver-based Premium Brands closes US$688 million acquisition of U.S. protein supplier

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VANCOUVER — Premium Brands Holdings Corp. says it has closed its roughly US$688 million acquisition of a United States-based protein supplier.

Vancouver-based Premium Brands says the total purchase price for Stampede Culinary Partners Inc. included US$512.5 million in cash, US$150 million in shares, plus capital adjustments and a cash reimbursement.

When it announced the deal on Dec. 10, Premium Brands said the acquisition would help further its efforts to grow its branded and customized cooked protein initiatives in the U.S.

Stampede started about three decades ago as a butcher operation in Chicago supplying meat to restaurants and has since expanded into sous vide options as well as plant-based proteins and vegetables.

The company says it supplies over 40,000 restaurants and over 60,000 retail stores across North America.

Premium Brands owns numerous specialty food manufacturing businesses such as Piller’s deli meats, Harvest sausages and Italia Salami Co. Ltd. as well as food distribution businesses.

This report by The Canadian Press was first published Jan. 2, 2026.

The Canadian Press