By: The Canadian Press Posted: Last Modified:
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LUNENBURG - Seafood processor High Liner Foods Inc. says it has signed a deal to be bought by Japanese company Umios Corp. in an agreement valued at $804 million.
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LUNENBURG - Seafood processor High Liner Foods Inc. says it has signed a deal to be bought by Japanese company Umios Corp. in an agreement valued at $804 million.
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LUNENBURG – Seafood processor High Liner Foods Inc. says it has signed a deal to be bought by Japanese company Umios Corp. in an agreement valued at $804 million.
Under the agreement, Umios, one of the world’s largest seafood companies, will pay $27 per share in cash.
High Liner shares closed at $15.08 on the Toronto Stock Exchange on Friday.
The companies say Umios plans to establish High Liner Foods as the core platform for its North American business, while maintaining its headquarters in Nova Scotia.
They say Umios has committed to maintaining High Liner Foods’ workforce and operations, established brands and customer relationships.
Thornridge Holdings Ltd., which holds a 41.4 per cent stake in High Liner, has agreed to support the deal, which requires shareholder and other approvals.
This report by The Canadian Press was first published Oct. 26, 2026.
Companies in this story: (TSX:HLF)
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