High Liner Foods Completes Acquisition of Mrs. Paul's and Van de Kamp's Seafood Brands from Conagra for $42.4 Million

Reuters

2025/06/30

High Liner Foods Completes Acquisition of Mrs. Paul's and Van de Kamp's Seafood Brands from Conagra for $42.4 Million

High Liner Foods Inc., a leading North American value-added frozen seafood company, has completed its acquisition of the Mrs. Paul's and Van de Kamp's frozen breaded and battered seafood brands from Conagra Brands, Inc. The adjusted purchase price for the transaction is USD $42.4 million, which accounts for an estimated USD $23.8 million in acquired inventory. This acquisition secures the volume tied to High Liner Foods' co-manufacturing agreement with Conagra, set to expire in 2027. The company expects annual volume from this business to total approximately 29 million pounds of seafood sold in the U.S., with anticipated annual run rate Adjusted EBITDA of USD $11 million in 2027. The purchase was funded through High Liner Foods' existing asset-based lending facility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. High Liner Foods Inc. published the original content used to generate this news brief via CNW (Ref. ID: C8555) on June 30, 2025, and is solely responsible for the information contained therein.

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The adjusted purchase price for the transaction is USD $42.4 million, which accounts for an estimated USD $23.8 million in acquired inventory. This acquisition secures the volume tied to High Liner Foods' co-manufacturing agreement with Conagra, set to expire in 2027. The company expects annual volume from this business to total approximately 29 million pounds of seafood sold in the U.S., with anticipated annual run rate Adjusted EBITDA of USD $11 million in 2027. The purchase was funded through High Liner Foods' existing asset-based lending facility.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. High Liner Foods Inc. published the original content used to generate this news brief via CNW (Ref. ID: C8555) on June 30, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4524","symbol_name":"宅经济概念","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250630:nNDL7sQLgp:1","article_id":"2547094242","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2547094242","pubTimestamp":1751288606,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"High Liner Foods Inc., a leading North American value-added frozen seafood company, has completed its acquisition of the Mrs. Paul's and Van de Kamp's frozen breaded and battered seafood brands from Conagra Brands, Inc. 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The adjusted purchase price for the transaction is USD $42.4 million, which accounts for an estimated USD $23.8 million in acquired inventory. This acquisition secures the volume tied to High Liner Foods' co-manufacturing agreement with Conagra, set to expire in 2027. The company expects annual volume from this business to total approximately 29 million pounds of seafood sold in the U.S., with anticipated annual run rate Adjusted EBITDA of USD $11 million in 2027. The purchase was funded through High Liner Foods' existing asset-based lending facility.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. High Liner Foods Inc. published the original content used to generate this news brief via CNW (Ref. 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