Mergers & Acquisitions ·
HF Foods Group Inc. entered into a definitive agreement to acquire Searay Foods Inc. and its related entities for an…
HFFGHF Foods Group Inc.
HF Foods Group Inc. entered into a definitive agreement to acquire Searay Foods Inc. and its related entities for an aggregate base purchase price of CAD$47,921,740, representing approximately 5.0x Searay's 2025 Adjusted EBITDA. The consideration will be paid through a combination of CAD$38,365,392 in cash and 1,701,871 shares of common stock to be held in escrow, with additional contingent earnout payments based on EBITDA targets. The transaction is expected to close by August 31, 2026. HF Foods Group Inc. is a distributor of international foodservice solutions to Asian restaurants and businesses across the United States.