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HIGH LINER FOODS COMPLETES ACQUISITION OF LEADING U.S. SEAFOOD BRANDS MRS. PAUL'S AND VAN DE KAMP'S FROM CONAGRA BRANDS
HIGH LINER FOODS COMPLETES ACQUISITION OF LEADING U.S. SEAFOOD BRANDS MRS. PAUL'S AND VAN DE KAMP...
About this update from High Liner Foods Incorporated
[{"type":"text","content":"\n\n\n\n HIGH LINER FOODS COMPLETES ACQUISITION OF LEADING U.S. SEAFOOD BRANDS MRS. PAUL'S AND VAN DE KAMP'S FROM CONAGRA BRANDS\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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n LUNENBURG, NS\n \n\n ,\n \n\n June 30, 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 the completion of its previously announced acquisition of the Mrs. Paul's and\n \n Van de Kamp's\n \n frozen breaded and battered seafood brands from Conagra Brands, Inc. (\"Conagra\") for the adjusted purchase price of USD\n \n $42.4 million\n \n , compared to the USD\n \n $55 million\n \n initially disclosed.\n \n\n The adjusted purchase price accounts for an estimated USD\n \n $23.8 million\n \n of inventory acquired by the Company as part of the transaction on closing, compared to the normalized target of\n \n $36 million\n \n . The inventory adjustment reflects normal seasonal shifts in inventory at the time of closing and is subject to a further post-closing adjustment.\n \n\n \"The completion of this acquisition marks an exciting milestone for High Liner Foods,\" said\n \n Paul Jewer\n \n , President and Chief Executive Officer of High Liner Foods. \"As we integrate these two trusted brands into our portfolio, our focus now shifts to realizing synergies, expanding our reach across the U.S. retail market, and building an even stronger platform for long-term, sustainable growth.\"\n \n\n As previously disclosed, the transaction secures the volume currently tied to High Liner Foods' co-manufacturing agreement with Conagra, which is set to expire in 2027. With this acquisition, the Company expects annual volume from this business...