AcquisitionsJul 23, 2026, 08:47 AM
HF Foods Group to Acquire Searay Foods for CAD$47.9M
AI Summary
HF Foods Group Inc. announced it will acquire Searay Foods Inc., a Canadian importer and distributor of ethnic and specialty seafood, for approximately CAD$47.9 million (US$35 million). The acquisition, valued at 5.0x Searay's 2025 Adjusted EBITDA, will be funded through a combination of cash and HF Foods common stock. This strategic move represents HF Foods' first international expansion and is expected to be immediately accretive to its margins and EPS, with closing anticipated in Q3 2026.
Key Highlights
- HF Foods Group Inc. to acquire Searay Foods Inc. and related entities.
- Total consideration is CAD$47.9 million (approx. US$35 million).
- Valuation is approximately 5.0x Searay's 2025 Adjusted EBITDA of CAD$9.6 million.
- Consideration includes CAD$38.36 million in cash and 1,701,871 shares of common stock.
- Transaction is expected to be immediately accretive to HF Foods' margins and EPS.
- Marks HF Foods' first international expansion, entering the Canadian market.
- Closing is expected in Q3 2026, subject to customary conditions and regulatory approvals.
Price Impact
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