[LeftCoaster]

Interesting, I'm surprised Vancouver is so low compared to its US counterparts given its high consumable and land costs, but I guess it is more than offset by favourable corporate taxe rates?

Some small business consolidation in Vancouver:

Premium Brands pays $5.6 million for 80 per cent of Duso's pasta business
By The Canadian Press

VANCOUVER, B.C. - Premium Brands Holdings Corporation (TSXBH) is acquiring an 80 per cent interest in Duso's Enterprises Ltd., a Vancouver-based maker of fresh pastas and sauces, from the founders in a $5.6-million cash, stock and debt transaction.

The payment consists of $4 million in cash, 69,252 shares of Premium Brands and a $600,000 note that's due in three years.

Premium Brands will also help Duso's fund the purchase of approximately $1.0 million in state-of-the-art pasta making equipment.

"This transaction is based on our strategy of offering successful entrepreneurs customized ownership solutions that address their estate planning needs while also providing their business with the resources needed for continued growth," said George Paleologou, the president and chief executive of Premium Brands.

"Founders Mauro and George Duso have done an exceptional job building Duso's from the ground up and we are very pleased to become Mauro's partner as his brother George nears retirement later this year."

Premium Brands is a producer, marketer and distributor of branded specialty food products.

Its family of brands include Grimm's, Harvest, McSweeney's, Bread Garden Express, Hygaard, Hempler's, Quality Fast Foods, Gloria's Best of Fresh, Harlan's, Creekside Bakehouse, Centennial Foodservice and B&C Foods

Premium Brands has operations in British Columbia, Alberta, Saskatchewan, Manitoba and Washington State.

http://www.canadianbusiness.com/mark...ent=b312388321