The M&A team advised High Liner Foods (TSX: HLF) in its purchase agreement to acquire the Mrs. Paul's and Van de Kamp's brands of frozen breaded and battered fish products from Conagra Brands (NYSE: CAG) ("Conagra") for $55 million, inclusive of approximately $36 million in inventory. The purchase price is subject to a customary inventory adjustment. The transaction secures existing contract manufacturing business bringing incremental volume, margin, synergies, and growth opportunities. The transaction is expected to close at the end of June 2025, subject to customary closing conditions.
High Liner Foods Incorporated is a leading North American processor and marketer of value-added frozen seafood. High Liner Foods' retail branded products are sold throughout the United States and Canada under the High Liner, Fisher Boy, Mirabel, Sea Cuisine, and Catch of the Day labels, and are available in most grocery and club stores. The Company also sells branded products to restaurants and institutions under the High Liner, Mirabel, Icelandic Seafood and FPI labels and is a major supplier of private label value-added seafood products to North American food retailers and foodservice distributors. High Liner Foods is a publicly traded Canadian company, trading under the symbol “HLF” on the Toronto Stock Exchange
The Goodwin team was led by Blake Liggio, Amanda Gill, Eryn Mathews and Jess Gorski, and included Jessica Rothstein, Robert Carroll, Steve Charkoudian, Joe Rockers, Amanda Russo, Ai Tajima, Andrew Lacy, Brady Cummins, Simone Waterbury, Chris Steinroeder, Sarah Bock, David Patton, Caroline Bullerjahn, Nathan Brodeur, Tim Holahan, Jacqueline Klosek, Justin Pierce, Andrew Sucoff, Nate Cunningham, Carrie Miller, Christina Ademola, Katharine Cummings, Jason Yeoun, Javier Gonzalez-Rivera, Caroline Tompkins, George Schneider, Krisn Modi and Julia Novick.
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