Deal Details

Sale to Premium Brands Holdings Corporation

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Summary

About

Raybern Foods, LLC (“Raybern’s” or the “Company”), a portfolio company of TSG Consumer Partners (“TSG”), has been acquired by Premium Brands Holdings Corporation (“Premium Brands”) (TSX: PBH). The terms of the transaction were not disclosed.

Founded in 1978, Raybern’s is a leading provider and pioneer in branded, heat-and-serve New York deli-style sandwiches. Raybern’s authentic handheld platform includes the #1 Selling Philly Cheesesteak Sandwich in the United States and more than a dozen of other varieties of products in both frozen and refrigerated offerings. The Company’s differentiated handheld sandwiches consist of rich and savory seasonings, proprietary cheese sauces, bakery soft bread and an authentic microwavable butcher wrapping. The Company is headquartered in Hayward, California.

TSG is a leading private equity firm focused exclusively on the branded consumer sector. Since its founding in 1987, TSG has been an active investor in the food, beverage, health and wellness, restaurant, beauty, personal care, household, apparel & accessories and e-commerce sectors. TSG is headquartered in San Francisco, California.

Premium Brands manufactures and distributes food products in the United States and Canada. Premium Brands operates through two segments, Specialty Foods and Premium Food Distribution. Premium Brands provides high-quality and natural processed meat products, specialty deli products, meat snacks and other packaged foods. Premium Brands serves chains and large format retailers, independent and specialty retailers, foodservice operators and other food manufacturers. Premium Brands is headquartered in British Columbia, Canada.

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