HF Foods completes acquisition of Searay Foods for CAD 47.9 million

• HF Foods completed the acquisition of Canada-based Searay Foods, an importer and distributor of ethnic and specialty frozen seafood.
• Deal valued at about CAD 47.9 million, paid with CAD 38.4 million cash and 1,700,000 HF Foods shares priced at USD 4 per share.
• Purchase price implies about 5x Searay’s 2025 adjusted EBITDA, with additional contingent consideration tied to future performance.
• Transaction establishes a Canadian platform and expands HF Foods’ exposure to specialty frozen seafood.
• Searay will operate as a subsidiary, led day-to-day by its existing management team under incoming CEO Derick Ngan.

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: 202609030830PRIMZONEFULLFEED9820800) on September 03, 2026, and is solely responsible for the information contained therein.