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HIGH LINER FOODS ACQUIRES LEADING U.S. BREADED AND BATTERED SEAFOOD BRANDS MRS. PAUL'S AND VAN DE KAMP'S FROM CONAGRA BRANDS, INC. FOR USD $55 MILLION
HIGH LINER FOODS ACQUIRES LEADING U.S. BREADED AND BATTERED SEAFOOD BRANDS MRS. PAUL'S AND VAN DE...
About this update from High Liner Foods Incorporated
[{"type":"text","content":"\n\n\n\n HIGH LINER FOODS ACQUIRES LEADING U.S. BREADED AND BATTERED SEAFOOD BRANDS MRS. PAUL'S AND VAN DE KAMP'S FROM CONAGRA BRANDS, INC. FOR USD $55 MILLION\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnsbbb0{\nBORDER-BOTTOM:black 0pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n Transaction secures existing contract manufacturing business bringing incremental volume, margin, synergies and growth opportunities\n \n\n\n\n\n\n Estimated to deliver USD\n \n $11 million\n \n annual run rate Adjusted EBITDA\n \n 1\n \n from 2027, inclusive of current contract margin, incremental contribution margin and net cost synergies, with potential for further growth\n \n\n\n\n\n\n Further diversifies the High Liner Foods portfolio adding market leading brands sourced from high quality Alaskan White Fish, produced in U.S. manufacturing facilities\n \n\n\n\n\n\n Positions High Liner Foods for scale in U.S retail with incremental sales opportunities afforded by complementary distribution profile and customer relationships\n \n\n\n\n\n\n\n\n\n\n (1) This is a non-IFRS financial measure. For more information on non-IFRS financial measures, see \"Non-IFRS Financial Measures\" in our Fourth Quarter 2024 Management's Discussion and Analysis (\"4Q2024 MD&A\").\n \n\n\n\n\n\n\n\n\n\n LUNENBURG, NS\n \n\n ,\n \n\n June 6, 2025\n \n\n /CNW/ - High Liner Foods Incorporated (TSX: HLF) (\"High Liner Foods\" or \"the Company\"), a leading North American value-added frozen seafood company, today announced it has entered into a purchase agreement to acquire the Mrs. Paul's and\n \n Van de Kamp's\n \n brands of frozen breaded and battered fish products from Conagra Brands (\"Conagra\") for USD\n \n $55 million\n \n , inclusive of approximately USD...