La Felinese Salumi has a new Canadian strategic partner

Premium Brands Europe, a company belonging to the Canadian group Premium Brands Holdings Corporation, has acquired a 16.7% minority stake in La Felinese Salumi through a reserved capital increase.

This is the first investment made by the Toronto Stock Exchange-listed industrial group outside Canada and the United States and will provide La Felinese with the resources it needs to support its development programme in international markets, particularly in North America.

The agreement includes cooperation with other PB group companies for the distribution of ready-sliced products in the US market.

Premium Brands will have its own representative who will sit on the Board of Directors of Felinese and will work closely with the management to achieve its business goals.

Image credits: la Felinese