Premium Brands, a specialty food processor, has bought out its three-year $3-million consulting agreement with Saskatchewan Wheat Pool early at a cost of $2.3 million.
In the original agreement, the pool was to provide consulting services for the west coast-based meat processor for $1 million a year for three years. The pool was to provide the company with commodity market information for Premium Brand’s hog investments and fresh pork products.
Over the past two years Premium Brands has moved toward more specialty branded consumer products and the consulting agreement was no longer relevant, said Will Kalutycz, chief financial officer.
