Confederation Freezers’ owners were seeking the right partner that would support the current management team and continue the company's impressive historical growth and provide liquidity for the family shareholders. Osprey Capital planned and executed a highly confidential sale process which included identifying a defined group of strategic and financial buyers.

Premium Brands Holdings Corporation was selected as the ideal acquirer due to its reputation as a leading food manufacturer and distributor across Canada and the United States. Confederation Freezers is a strong addition to Premium Brands’ distribution channels and supply chain infrastructure that will serve to further enhance Confederation's capabilities and services for its customers.

Alan Greenspan, President of Confederation Freezers, commented; “This is an exciting transaction for our family and a new chapter in our history. We are enormously proud of what we have accomplished over the last 47 years and are confident that, in partnering with Premium Brands, the legacy of Confederation Freezers will be honoured and maintained. We strongly believe that Premium Brands is the right partner, at the right time, to foster these ideals as we move to the next stage of our business.”

“It has been a pleasure to get to know the Greenspan family over the last few years and the Osprey Capital team is incredibly pleased to have been able to assist in the transition of the company. We look forward to the continued success of the management team as a new part of the Premium Brands family,” said Stephen Jakob, Managing Partner of Osprey Capital Partners.

Integral to completion of the transaction, Faskens acted as legal advisors and Deloitte Canada acted as tax advisors to the shareholders of the company.