Premium Brands Income is merging with U.S. meat snack operation Hempler Foods. The companies will move into a new 28,000-sq.-ft. production facility in Ferndale, Wash.

Hempler is a regional producer of specialty sausages and premium, European-style processed meats such as Black Forest ham. Premium Brands is a producer and distributor of a wide variety of branded meat products.

The new company, which will operate under Hempler's previous management, will have combined sales of about $11 million annually. Premium Brands will own 60 percent of Hempler, with the remainder held by Richard Hempler, chief executive officer, and Stephen Bates, vice president and general manager.

CCN Market News