Diana’s Seafood has been acquired by Premium Brands Holdings Corporation (TSE: PBH).
Coldwater acted as the exclusive M&A advisor to Diana’s Seafood (“Diana’s” or the “Company”) in connection with its sale to Premium Brands Holdings Corporation (TSE: PBH) (“Premium Brands”).
Diana’s is a leading seafood wholesaler in the Greater Toronto Area, supplying premium quality fish and seafood to many of the region’s most exclusive restaurants, hotels, resorts, and gaming establishments. With a reputation built over decades, Diana’s has become one of the most recognized names in Canadian seafood distribution.
Premium Brands, headquartered in Vancouver, is a publicly traded specialty food manufacturing and distribution company with more than $6 billion in annual revenue and holdings across Canada and the United States. The acquisition expands Premium Brands’ reach in Ontario’s high-end seafood market.
Diana’s engaged Coldwater after being approached by Premium Brands, relying on the firm to lead negotiations and implement a formal divestiture process.
