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Premium pasta deal

This article was originally published in Foodnews

Premium Brands, a leading producer of branded speciality food products, has acquired an 80% stake in Duso's Enterprises Ltd (based in Vancouver) for approximately USD5.6 million. With annual sales of approximately USD7.0 million, Duso's is a specialty manufacturer of branded and private label fresh pastas and sauces. As part of the transaction, Premium Brands will help Duso's fund the purchase of around USD1.0 million in state-of-the-art pasta making equipment.

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