High Liner Foods Acquires Mrs. Paul’s and Van de Kamp’s Brands

The latest update is out from High Liner Foods ( (TSE:HLF) ).

High Liner Foods has announced the acquisition of the Mrs. Paul’s and Van de Kamp’s brands from Conagra Brands for USD $55 million. This strategic move is expected to enhance High Liner Foods’ market position in the U.S. by securing existing contract manufacturing business, increasing annual volume, and providing growth opportunities through expanded distribution and customer relationships. The transaction is anticipated to deliver significant financial benefits, including an estimated USD $11 million annual run rate Adjusted EBITDA by 2027, and is expected to be slightly accretive to Adjusted EBITDA starting in the second half of 2025.

The most recent analyst rating on (TSE:HLF) stock is a Hold with a C$20.00 price target. To see the full list of analyst forecasts on High Liner Foods stock, see the TSE:HLF Stock Forecast page.

Spark’s Take on TSE:HLF Stock

According to Spark, TipRanks’ AI Analyst, TSE:HLF is a Outperform.

High Liner Foods demonstrates solid financial health and strategic resilience, supported by strong profitability and leverage improvements. The company’s attractive valuation and positive corporate events further bolster its position. However, technical indicators suggest caution due to potential overbought conditions, while earnings call data reflects ongoing market challenges. Overall, the stock presents a balanced risk-reward profile with a positive outlook for future growth.

To see Spark’s full report on TSE:HLF stock, click here.

More about High Liner Foods

High Liner Foods is a leading North American company specializing in value-added frozen seafood products. The company focuses on providing high-quality seafood, including breaded and battered fish, with a strong presence in the U.S. retail market.

Average Trading Volume: 25,635

Technical Sentiment Signal: Buy

Current Market Cap: C$516.9M

Find detailed analytics on HLF stock on TipRanks’ Stock Analysis page.