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New Deal


Announced

Completed

HF Foods completed the acquisition of Great Wall Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Majority

United States

Acquisition

Food Products

Single Bidder

Domestic

Completed

seafood

Friendly

Synopsis

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HF Foods, a food distributor to Asian restaurants across the United States, completed the acquisition of Great Wall Group, one of the largest frozen seafood suppliers servicing the Asian/Chinese restaurant market. Financial terms were not disclosed. "I am excited with the successful purchase of the Great Wall Group operations. Their leadership position in the frozen seafood industry and extensive distribution network, particularly in states where HF Foods does not have a presence, complements the strengths of our existing network and supports our strategic goals of growth by acquisition and providing superior product choices to our customers," Russell T. Libby, HF Group Chairman.

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