Goodwin Advises High Liner Foods on Agreement to Be Acquired by Umios in All-Cash Transaction

The Public M&A team advised High Liner Foods Incorporated (TSX: HLF), a leading North American processor and marketer of value-added frozen seafood, on its definitive arrangement agreement to be acquired by Umios, one of the world’s largest seafood and marine-protein companies, in an all-cash transaction. Under the terms of the agreement, a newly formed, wholly owned subsidiary of Umios will acquire all of High Liner Foods’ issued and outstanding common shares for C$27.00 per share in cash through a court-approved plan of arrangement under the Companies Act (Nova Scotia). The transaction, which was unanimously approved by High Liner Foods’ Board of Directors following the unanimous recommendation of a Special Committee of independent directors, is expected to close in the first quarter of 2027, subject to shareholder, court, and regulatory approvals and other customary closing conditions. The acquisition will establish High Liner Foods as the core platform for Umios’ North American business, with its headquarters remaining in Nova Scotia.

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, Sea Cuisine, Mrs. Paul's, Van de Kamp's, Fisher Boy, C. Wirthy, Mirabel 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, Eryn Mathews, Nathalie Dabrowski, Kristen McCarthy and Keelin Fitzsimons.

For more information, please read the press release.