Premium Brands Holdings Corporation and a coalition of Mi’kmaq First Nations announced the successful completion of the previously announced acquisition of Clearwater Seafoods Incorporated, for approximately $1 billion, including debt.

The transaction is a groundbreaking First Nations partnership and represents the single largest investment in the seafood industry by any Indigenous group in Canada.

Bennett Jones acted as legal advisor to Premium Brands on competition law matters relating to the transaction. Adam Kalbfleisch, Kyle Donnelly and Alysha Pannu advised Premium Brands.