HF Foods Group to acquire Sealand Food for $34m.

HF Foods Group, a marketer and distributor of fresh produce, frozen and dry food, and non-food products to primarily Asian/Chinese restaurants and other foodservice customers throughout the United States, agreed to acquire Sealand Food, a frozen seafood supplier servicing the Asian/Chinese restaurant market along the Eastern Seaboard of the US, for $34m. “I am extremely pleased with the signing of the Agreement to acquire Sealand’s operations and am looking forward to the closing of the transaction. Sealand’s leadership position in the frozen seafood industry, coupled with their extensive distribution network along the East Coast, particularly in states where HF Foods currently does not have a presence, perfectly complements the strengths of our existing network and supports our strategic goal of growth by acquisition,” Russell T. Libby, HF Group Chairman.