United Kingdom

Premium Brands to buy Buddy's Kitchen, Raybern Foods

Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Premium Brands Holdings Corp :Premium Brands Holdings Corporation announces acquisitions of Buddy's Kitchen, Raybern Foods and an investment in Shaw Bakers.Premium Brands Holdings Corp - ‍total purchase price for combined transactions is, subject to customary closing adjustments, $156.5 million​.Premium Brands Holdings Corp - ‍total purchase price consists of $153.0 million in cash and $3.5 million in Premium Brands common shares​.Premium Brands - ‍cash component of deal to be funded through co's senior revolving credit facility which was increased to $550 million.Premium Brands Holdings Corp - deals are expected to be immediately accretive to company's annual earnings per share and free cash flow per share​.