HF Foods agrees to buy Canada’s Searay Foods for CAD 47.9 million

Reuters2026/07/23 12:32

By:Reuters

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HF Foods agreed to buy up to 100% of Canada-based Searay Foods, expanding outside the US for the first time.
Total consideration about CAD 47.9 million, implying roughly 5x 2025 adjusted EBITDA of about CAD 9.6 million.
Payment to use a mix of cash and HF Foods common stock; final split to be set at closing.
Deal expected to close in Q3 2026, subject to customary closing conditions and regulatory approvals.
Searay’s management team, led by incoming CEO Derick Ngan, is expected to continue running day-to-day operations post-close.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HF Foods Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607230830PRIMZONEFULLFEED9766689) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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HF Foods agrees to buy Canada’s Searay Foods for CAD 47.9 million

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