Mergers & Acquisitions ·
HF Foods completes CAD$47.9M acquisition of Searay Foods and Morgan Foods
HFFGHF Foods Group Inc.
HF Foods Group Inc. completed its previously announced acquisition of Searay Foods Inc., Morgan Foods Inc., and certain assets of Searay Foods USA Inc. on August 31, 2026. The aggregate base purchase price was CAD$47,921,740, consisting of approximately CAD$38.4 million in cash and 1,701,871 shares of HF Foods common stock valued at USD$4.00 per share placed in escrow subject to earn-out conditions. The transaction includes contingent consideration based on EBITDA targets over a two- to three-year period. This filing serves as an amendment to include audited and unaudited financial statements of the acquired entities and pro forma information. HF Foods Group Inc. operates in the food distribution industry.