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.

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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