Premium Brands Holding Corporation's $42.5 million acquisition of SK Food Group of Seattle last week will have no impact on SK Food's Reno production facility, a Premium Brands executive says.
George Paleologou, president and CEO of Premium Brands of Vancouver, says the management team in Reno will stay intact through the acquisition. SK Food Group opened a 90,000-square-foot facility four years ago and expanded its Reno operation into 150,000 square feet in 2009. The facility produces artisan breakfast sandwiches and wraps for distribution throughout the United States and Canada.
"We generally back management teams and hope to work with them to grow the business," Paleologou says.
SK Food Group's annual sales are about $90 million.
