HF Foods Group Inc. completed the acquisition of Substantially All of the Assets of Sealand Food, Inc. for $34.9 million.
HF Foods Group Inc. (NasdaqCM:HFFG) completed the acquisition of Substantially All of the Assets of Sealand Food, Inc. for $34.9 million on April 29, 2022. HF Foods paid $20 million in cash at closing, approximately $14.4 million paid for saleable product inventory and or approximately $0.5 million for additional fixed assets. HF Foods financed the Sealand Acquisition through our $100 million line of credit.