High Liner Foods to Be Bought by Umios in Deal Valued at $804M
The seafood processor will keep its Nova Scotia headquarters and workforce as Umios expands its North American business.
- On Monday, Japanese company Umios Corp. signed an agreement to acquire Nova Scotia-based seafood processor High Liner Foods Inc. for $804 million, offering shareholders $27 per share in cash.
- Thornridge Holdings Ltd., which holds a 41.4 per cent stake in High Liner, has agreed to support the transaction, which requires shareholder and other regulatory approvals to proceed.
- Umios plans to establish High Liner as the core platform for its North American business, committing to maintain the processor's workforce, operations, established brands, and customer relationships.
- High Liner shares closed at $15.08 on the Toronto Stock Exchange on Friday, with the $27 per share offer representing a significant premium over the prior closing price.
- The Canadian Press first published this report on October 26, 2026, documenting the acquisition as a significant shift for the processor integrating into the Japanese firm's global operations.
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High Liner Foods to be acquired by Umios
Japanese seafood giant Umios to acquire High Liner Foods for $27 per share in cash, subject to required approvals and other closing conditions. Umios is one of the world’s largest seafood and marine-protein companies and a longstanding supplier to High Liner Foods. It operates across the seafood value chain, from wild-capture fisheries and aquaculture to processing, distribution and branded consumer products. Listed on the Tokyo Stock Exchange, …
Winnipeg Free Press
High Liner Foods to be bought by Umios in deal valued at $804 million
LUNENBURG - Seafood processor High Liner Foods Inc. says it has signed a deal to be bought by Japanese company Umios Corp. in an agreement valued at $804 million.
High Liner Foods Incorporated Sea Processor announces Monday that he has signed an agreement to buy it back by the Japanese company Umios Corporation, in a transaction valued at $804 million.
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