Premium Brands To Buy Creekside Express Chain

Globe and Mail:

Meat processor and specialty food provider Premium Brands Income Fund has agreed to pay $4-million for Creekside Custom Foods Inc., owned by Spectra Group of Great Restaurants Inc. Vancouver-based Creekside specializes in a line of “grab-and-go” foods, such as packaged fresh sandwiches, muffins and sushi for convenience stores. The deal includes the acquisition of Creekside’s Bread Garden label, which owns 10 franchised cafés, 85 express locations and a catering service. PBI.UN (TSX) rose 14 cents to $9.70. SPA (TSX) rose 5 cents to $2.49.

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