HF Foods Closes $35M Acquisition of Canadian Seafood Distributor Searay
HF Foods has closed its acquisition of Searay Foods Inc. and related entities, completing the company’s first expansion outside the United States and entry into the Canadian market.
The company announced the deal in July. The CAD$47.9 million (about US$35 million) transaction includes 100% of Searay’s issued and outstanding equity interests and represents approximately 5.0 times Searay’s 2025 Adjusted EBITDA.
HF Foods paid CAD$38.4 million (approximately US$27.8 million) in cash and 1.7 million shares...
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