HF Foods Group to Acquire Searay Foods (Canadian frozen seafood importer and distributor)
July 23, 2026
HF Foods Group entered into a definitive agreement to acquire up to 100% of Searay Foods Inc. and related entities, expanding its distribution footprint beyond the United States into Canada. The deal is valued at approximately CAD$47.9 million (about US$35 million) and is expected to close in Q3 2026, subject to customary closing conditions and regulatory approvals.
- Buyers
- HF Foods Group Inc.
- Targets
- Searay Foods Inc., Morgan Foods Inc., Searay Foods USA Inc.
- Sellers
- Jack Chan, Philip Chan
- Industry
- Food & Beverage
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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