Latest news with #HighLiner
Yahoo
09-06-2025
- Business
- Yahoo
High Liner to buy Mrs. Paul's, Van de Kamp's seafood brands from Conagra
Canada-based seafood group High Liner Foods is to acquire the Mrs. Paul's and Van de Kamp's brands from Conagra Brands. In a statement, High Liner Foods said it is paying US$55m for the brands, an amount that includes around $36m in inventory. The price remains subject to possible adjustments. Conagra said the deal covers intellectual property inventory but excludes employees and manufacturing sites. High Liner Foods has been co-manufacturing seafood products sold under the Mrs. Paul's and Van de Kamp's brands at its US-based facilities, producing an average of 25 million pounds per year. Products include battered fillets, breaded fish and fish sticks. The company markets branded retail products in the US and Canada under a range of labels, including High Liner, Fisher Boy and Mirabel. Paul Jewer, president and CEO of High Liner Foods, called the deal 'highly strategic', adding it will act as a 'catalyst for further growth in the US retail market'. Jewer said: 'By taking full ownership of these well established and respected brands, we will capture additional value for our shareholders and ensure a seamless transition for existing customers.' For Conagra, the sale is part of its strategy to 'reshape its portfolio'. Last month, Conagra agreed to sell its Chef Boyardee business to Hometown Food Company for $600m in cash. Sean Connolly, the president and CEO of Conagra, said: 'This divestiture reflects our continued commitment to reshaping our portfolio and investing where we see the best opportunities for growth and innovation. 'Van de Kamp's and Mrs. Paul's operate largely as a stand-alone seafood business, and this divestiture allows us to further focus our efforts on strengthening our core frozen offerings.' The Van de Kamp's and Mrs. Paul's products contributed around $75m to Conagra's fiscal year 2024 net sales. Conagra reported a 1.8% decline in reported net sales. amounting to a 2.1% decrease in organic terms. Net income fell by 49.1% to $347.7m. The cpmpany, headquartered in Chicago, owns other brands such as Duncan Hines, Healthy Choice, Marie Callender's, Slim Jim and Angie's Boomchickapop. "High Liner to buy Mrs. Paul's, Van de Kamp's seafood brands from Conagra " was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
06-06-2025
- Business
- Hamilton Spectator
High Liner buying Mrs. Paul's and Van de Kamp's brands from Conagra for US$55M
LUNENBURG - Frozen seafood company High Liner Foods Inc. has signed a deal to buy the Mrs. Paul's and Van de Kamp's brands of frozen breaded and battered fish from Conagra Brands for US$55 million in cash. High Liner Foods currently co-manufactures products for Mrs. Paul's and Van de Kamp's brands at its U.S-based operations. High Liner chief executive Paul Jewer called it a strategic and compelling opportunity that will help further growth in the U.S retail market. The deal is expected to close at the end of the month, subject to customary closing conditions. In addition to its namesake brand, High Liner sells under several brands in the U.S. and Canada including Fisher Boy, Mirabel, Sea Cuisine, and Catch of the Day in addition to the Mirabel, Icelandic Seafood and FPI labels for restaurants and institutions. It is also a major supplier of private label seafood products to retailers and food service distributors. This report by The Canadian Press was first published June 6, 2025. Companies in this story: (TSX:HLF)
Winnipeg Free Press
06-06-2025
- Business
- Winnipeg Free Press
High Liner buying Mrs. Paul's and Van de Kamp's brands from Conagra for US$55M
LUNENBURG – Frozen seafood company High Liner Foods Inc. has signed a deal to buy the Mrs. Paul's and Van de Kamp's brands of frozen breaded and battered fish from Conagra Brands for US$55 million in cash. High Liner Foods currently co-manufactures products for Mrs. Paul's and Van de Kamp's brands at its U.S-based operations. High Liner chief executive Paul Jewer called it a strategic and compelling opportunity that will help further growth in the U.S retail market. The deal is expected to close at the end of the month, subject to customary closing conditions. In addition to its namesake brand, High Liner sells under several brands in the U.S. and Canada including Fisher Boy, Mirabel, Sea Cuisine, and Catch of the Day in addition to the Mirabel, Icelandic Seafood and FPI labels for restaurants and institutions. It is also a major supplier of private label seafood products to retailers and food service distributors. This report by The Canadian Press was first published June 6, 2025. Companies in this story: (TSX:HLF)
Yahoo
06-06-2025
- Business
- Yahoo
High Liner buying Mrs. Paul's and Van de Kamp's brands from Conagra for US$55M
LUNENBURG — Frozen seafood company High Liner Foods Inc. has signed a deal to buy the Mrs. Paul's and Van de Kamp's brands of frozen breaded and battered fish from Conagra Brands for US$55 million in cash. High Liner Foods currently co-manufactures products for Mrs. Paul's and Van de Kamp's brands at its U.S-based operations. High Liner chief executive Paul Jewer called it a strategic and compelling opportunity that will help further growth in the U.S retail market. The deal is expected to close at the end of the month, subject to customary closing conditions. In addition to its namesake brand, High Liner sells under several brands in the U.S. and Canada including Fisher Boy, Mirabel, Sea Cuisine, and Catch of the Day in addition to the Mirabel, Icelandic Seafood and FPI labels for restaurants and institutions. It is also a major supplier of private label seafood products to retailers and food service distributors. This report by The Canadian Press was first published June 6, 2025. Companies in this story: (TSX:HLF) The Canadian Press
Cision Canada
14-05-2025
- Business
- Cision Canada
High Liner Foods Shareholders Approval All Matters at Annual and Special Meeting
HALIFAX, NS, May 14, 2025 /CNW/ - High Liner Foods Incorporated (TSX: HLF) ("High Liner Foods" or "the Company"), a leading North American value-added frozen seafood company, reports that all nominees in the Company's Amended and Restated Management Information Circular dated March 24, 2025 were elected as directors of the Company at the Annual and Special General Meeting of shareholders held on May 13, 2025. In addition, PricewaterhouseCoopers LLP was appointed as the Company's auditor and shareholders also approved an amendment to the Company's articles of association and the advisory resolution on executive compensation. The detailed results of the votes received for each director were as follows: Directors % of Shares Voted For % of Shares Voted Withheld Scott Brison 99.91 % 0.09 % Joan Chow 98.45 % 1.55 % Robert Dexter 97.44 % 2.56 % Andrew Hennigar 99.93 % 0.07 % David Hennigar 97.14 % 2.86 % Shelly Jamieson 97.35 % 2.65 % Paul Jewer 97.84 % 2.16 % Pamela Kohn 99.87 % 0.13 % M. Jolene Mahody 97.76 % 2.24 % R. Andy Miller 97.81 % 2.19 % Robert Pace 97.61 % 2.39 % Frank van Schaayk 97.76 % 2.24 % About High Liner Foods Incorporated 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. For further information about the Company, please visit our website at or send an e-mail to [email protected]. SOURCE High Liner Foods Incorporated
