US foodservice distributor snaps up $200 million seafood supplier

The acquisition doubles HF Foods’ distribution network and propels the group to more than $1 billion in projected 2022 revenue.

"We will continue to solidify our market leadership position to deliver long-term shareholder value through organic growth and acquisitions such as this," said Peter Zhang, CEO of HF Foods (right). — "We will continue to solidify our market leadership position to deliver long-term shareholder value through organic growth and acquisitions such as this," said Peter Zhang, CEO of HF Foods (right).Photo: Nasdaq

Dominic Welling

Published 4 January 2022, 13:57Updated 4 January 2022, 14:00

United States Foodservice China Mergers & Acquisitions