M&A Deal Summary

HF Foods Acquires Sealand Foods

On April 25, 2022, HF Foods acquired distribution company Sealand Foods

Acquisition Highlights
  • This is HF Foods’ 1st transaction in the Distribution sector.
  • This is HF Foods’ 1st transaction in the United States.
  • This is HF Foods’ 1st transaction in Virginia.

M&A Deal Summary

Date 2022-04-25
Target Sealand Foods
Sector Distribution
Buyer(s) HF Foods
Deal Type Add-on Acquisition

Target

Sealand Foods

Richmond, Virginia, United States
Sealand Foods is a frozen seafood supplier servicing the Asian/Chinese restaurant market along the Eastern Seaboard of the U.S. It services a market that includes seventeen states along the East Coast, from Massachusetts to Florida, as well as Pennsylvania, West Virginia, Ohio, Kentucky, and Tennessee. Sealand Foods was formed in 2006 and is based in Richmond, Virginia.

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Buyer(S) 1

Buyer

HF Foods

Las Vegas, Nevada, United States

Category Company
Sector Distribution
Employees925
Revenue 1.1B USD (2023)
DESCRIPTION

HF Foods is 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. With 16 distribution centers strategically located throughout the nation, the company aims to supply the increasing demand for Asian American restaurant cuisine. With an in-house proprietary ordering and inventory control network, more than 12,500 established customers in over 40 states, and strong relations with growers and suppliers of food products in the U.S., South America, and China. It offers fresh, high-quality specialty restaurant foods and supplies at economical prices to its large and growing base of customers. HF Foods is based in Las Vegas, Nevada.


DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1