---
title: "HF Foods agrees to buy Canada’s Searay Foods for CAD 47.9 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293617810.md"
description: "HF Foods Group has agreed to acquire 100% of Canada-based Searay Foods for approximately CAD 47.9 million, marking its first expansion outside the US. The transaction, valued at roughly 5x 2025 adjusted EBITDA, will be paid via a mix of cash and stock. Expected to close in Q3 2026 pending regulatory approval, Searay's management team will continue operations post-close."
datetime: "2026-07-23T12:32:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293617810.md)
  - [en](https://longbridge.com/en/news/293617810.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293617810.md)
---

# HF Foods agrees to buy Canada’s Searay Foods for CAD 47.9 million

-   HF Foods agreed to buy up to 100% of Canada-based Searay Foods, expanding outside the US for the first time. \* Total consideration about CAD 47.9 million, implying roughly 5x 2025 adjusted EBITDA of about CAD 9.6 million. \* Payment to use a mix of cash and HF Foods common stock; final split to be set at closing. \* Deal expected to close in Q3 2026, subject to customary closing conditions and regulatory approvals. \* Searay’s management team, led by incoming CEO Derick Ngan, is expected to continue running day-to-day operations post-close. 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. HF Foods Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607230830PRIMZONEFULLFEED9766689) on July 23, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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