Umios Corporation to acquire High Liner Foods for C$804 million

Umios Corporation has entered into a binding agreement to acquire High Liner Foods Inc., a seafood processor based in Nova Scotia, in a deal valued at approximately C$804 million. Under the terms of the agreement, Umios will acquire all outstanding shares for C$27.00 per share in cash through its wholly controlled subsidiary, 4856442 Nova Scotia Limited.

Umios intends to utilize High Liner Foods as the central platform for its North American operations. The company has committed to maintaining High Liner’s existing workforce, established brands, customer relationships, and its headquarters in Nova Scotia. Thornridge Holdings Ltd., which holds a 41.4% stake in High Liner, has agreed to support the transaction.

The deal is subject to several conditions, including approval from shareholders, the court, and relevant regulatory authorities. A shareholder vote is expected in December 2026, with the closing of the transaction projected for the first quarter of 2027.