Business · Companies · 1 hr ago
Japan’s Umios to buy Nova Scotia seafood company High Liner Foods
Japan’s Umios has offered to buy High Liner Foods for more than $800-million in cash.
High Liner is a Nova Scotia company that makes frozen fish products and has operated for more than a century.
Umios is offering $27 for each share, compared with High Liner’s closing share price of about $15 on Friday.
The company’s largest shareholder has agreed to support the sale; the Hennigar family’s investment company owns 41.4 per cent of High Liner.
The deal needs at least 75 per cent of votes cast at a shareholder meeting expected in December.
If shareholders approve it, Umios will acquire the Canadian seafood processor.
High Liner Foods has agreed to be bought by Japanese seafood company Umios in a deal valued at $804 million.
Umios will pay $27 per share in cash.
The companies say High Liner will become the core platform for Umios’s North American business.
High Liner’s headquarters will remain in Nova Scotia, and Umios has committed to maintaining its workforce, operations, brands and customer relationships.
The deal requires shareholder and other approvals.
- Who
- High Liner Foods and Japanese seafood company Umios.
- What
- Umios has agreed to buy High Liner in a deal valued at $804 million, paying $27 per share in cash.
- When
- The agreement was reported on October 26, 2026.
- Where
- High Liner is based in Nova Scotia, and its headquarters are to remain there.
- Why
- Umios plans to make High Liner the core platform for its North American business.
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- Deal value
- $804 million
- Buyer
- Umios Corp., a Japanese seafood company
- Cash offer
- $27 per share
- Headquarters
- Nova Scotia
- Shareholder support
- Thornridge Holdings holds a 41.4-per-cent stake and has agreed to support the deal