Premium Brands Holdings Corporation has acquired Diana's Seafood, enhancing its presence in Ontario's premium seafood market.

Target Company Overview

Diana’s Seafood has been acquired by Premium Brands Holdings Corporation (TSE: PBH). Diana’s Seafood, known simply as Diana’s, is a premier seafood wholesaler located in the Greater Toronto Area. The company specializes in supplying top-quality fish and seafood products to some of the region’s most prestigious restaurants, hotels, resorts, and gaming venues. Over the years, Diana’s has established a solid reputation for excellence, positioning itself as one of the most trusted names in Canadian seafood distribution.

Industry Overview

The seafood industry in Canada, particularly in Ontario, has witnessed significant growth driven by increased consumer demand for high-quality seafood products. The trend towards healthier eating habits and sustainable sourcing has further propelled the market. Ontario, with its vibrant culinary scene, plays a crucial role in the overall dynamics of the Canadian seafood distribution sector, catering to both high-end dining establishments and larger retail chains.

Notably, the demand for premium seafood has surged, especially among restaurants that prioritize fresh and locally sourced ingredients. This has led to more investments in operational efficiencies and supply chain logistics