Umios Corporation
Acquisition of Major North American Seafood Processor High Liner Foods Incorporated as Wholly Owned Subsidiary — Accelerating Glocal Strategy in North America
Acquire High Liner Foods, a leading provider of high-value-added frozen seafood products in the North American market, for approximately 804 million Canadian dollars to strengthen Umios Corporation's downstream North American operations. The transaction will be executed via a court-approved Plan of Arrangement (PoA), with completion scheduled for January 2027. After the acquisition, High Liner Foods will become a 100% subsidiary, enabling the construction of a vertically integrated value chain across the North American market.
Key Figures
- Acquisition price: approx. 804 million CAD (approx. 89,000 million yen)
- Number of shares acquired: 28,004,871 shares
- Expected closing: January 2027 (scheduled)
AI要約
Overview of the M&A
Umios Corporation will acquire all issued shares of High Liner Foods Incorporated and make it a 100% subsidiary. The acquisition will be executed using a Plan of Arrangement (PoA) under the Nova Scotia Companies Act, subject to approval by High Liner Foods shareholders (at least 75%), and court and regulatory approvals. Closing is scheduled around January 2027.
Strategic significance and impact
This will accelerate Umios Corporation’s glocal strategy in the North American market by integrating Umios Corporation’s resource access capabilities with High Liner Foods’ processing capabilities, brands, and distribution network to build a consistent vertically integrated business from upstream to downstream. In the long term, the transaction aims to increase the ratio of overseas ordinary income, improve ROIC, and enhance capital efficiency.
Umios Corporation
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