High Liner Foods Inc.

High Liner Foods Inc.

High Liner Foods Inc.

Overview
Date Founded

1899

Headquarters

100 Battery Point Road, P.O. Box 910, Lunenburg, NS, B0J 2C0, CAN

Type of Company

Public

Employees (Worldwide)

1,124

Industries

Food
Private Equity & Venture Capital
Wholesale: Consumer Non-Durables/Sundries
Holding Companies

Company Description

Overview High Liner Foods is a leading North American processor and marketer of prepared frozen seafood. Our branded products are sold to most grocery and club stores throughout the United States, Canada and Mexico under High Liner, Fisher Boy, Mirabel, and Sea Cuisine. We also sell High Liner, FPI, Viking, Icelandic Seafood, Samband of Iceland, Seastar, Seaside and Mirabel food service products to restaurants and institutions, and we are a major supplier of private label seafood products to North American food retailers and food service distributors. High Liner Foods is a Canadian company that trades under the symbol HLF on the Toronto Stock Exchange. The company began in 1899 with the founding of W.C. Smith & Company, a salt fish operation located in Lunenburg, Nova Scotia -- the current home of our head office and one of the most modern and diversified food processing plants in the world. On December 20, 2007 the Company acquired the North American marketing and manufacturing business of Fishery Products International. On December 13, 2010 the Company purchased the USA based assets of Viking Seafoods, Inc. On December 19, 2011 we purchased Icelandic USA, Inc. and several other subsidiaries of Icelandic Group hf. Today, we are North America's largest marketer of prepared frozen seafood products.

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Executives & Employees

President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Secretary, Executive Vice President-Corporate Affairs & General Counsel

General Manager, Lunenburg

Director, Human Resources Supply Chain

Director, Internal Audit

Director, Sales & Operations Planning

Director, Purchasing

Director, Human Resources Corporate

Director, Project Management

Board of Directors

President & Chief Executive Officer at Pace Group Ltd.

President & Chief Executive Officer at High Liner Foods Inc.

Executive Vice President & Chief Strategy Officer at Chorus Aviation, Inc.

Chief Marketing Officer at Greater Chicago Food Depository

Executive Chairman & Chief Executive Officer at Thornridge Holdings Ltd.

Regional President, The Americas at McCain Foods Ltd.

Former Chairman & Chief Executive Officer at Maritime Travel (Group) Ltd.

Vice Chairman at Health Quality Ontario

President & Chief Executive Officer at Baader Linco, Inc.

Member, Board of Directors at High Liner Foods Inc.

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High Liner Foods Inc.
Owners & Shareholders
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Matco Financial uses a process-driven approach without exposure to unnecessary risk. They invest for the long-term but continually look for tactical opportunities across asset classes. The firm only invests in companies with strong management teams and consistent execution. Matco Financial also uses s a rigorous manager selection process that continuously monitors and evaluates the selected external managers on criteria such as performance, adherence to investment style and corporate governance.

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Matco Financial uses a process-driven approach without exposure to unnecessary risk. They invest for the long-term but continually look for tactical opportunities across asset classes. The firm only invests in companies with strong management teams and consistent execution. Matco Financial also uses s a rigorous manager selection process that continuously monitors and evaluates the selected external managers on criteria such as performance, adherence to investment style and corporate governance.

Recent Transactions
Details Hidden

High Liner Foods Inc. purchases Rubicon Resources LLC

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Nesfiskur ehf. purchases Icelandic Ný-Fiskur ehf from High Liner Foods Inc.

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High Liner Foods Inc. purchases Atlantic Trading Company LLC

Transaction Advisors
Investment Advisor

Advised onHigh Liner Foods Inc. purchases ISF (USA) LLC from Icelandic Group ehf

Legal Advisor

Advised onHigh Liner Foods Inc. purchases ISF (USA) LLC from Icelandic Group ehf

Investment Advisor

Advised onHigh Liner Foods Inc. purchases ISF (USA) LLC from Icelandic Group ehf

Legal Advisor

Advised onHigh Liner Foods Inc. purchases ISF (USA) LLC from Icelandic Group ehf

Legal Advisor

Advised onHigh Liner Foods Inc. purchases ISF (USA) LLC from Icelandic Group ehf

Co-Chair, Antitrust & Competition

Advised onHigh Liner Foods Inc. purchases ISF (USA) LLC from Icelandic Group ehf

Clients

Red Rock Resorts, Inc. is a holding company, which engages in the management and development of gaming and entertainment facilities. The firm operates through the following segments: Las Vegas Operations and Native American Management. Its amenities include restaurants, entertainment venues, movie theatres, bowling and convention or banquet space, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering. The company was founded in 1976 and is headquartered in Las Vegas, NV.

The Kroger Co. engages in the operation of supermarkets and multi-department stores. Its brands include Big K, Check This Out…, Heritage Farm, Simple Truth, and Simple Truth Organic. The company was founded by Barney Kroger in 1883 and is headquartered in Cincinnati, OH.

Performance Food Group Co. engages in the market and distribution of food products. It operates through the following segments: Foodservice and Vistar. The Foodservices segment delivers food and food-related products to independent restaurants, chain restaurants, and other institutional food-away-from-home locations. The Vistar segment offers candy, snack, and beverage to customers in the vending, office coffee services, theater, retail, and other channels. The company was founded in 1885 and is headquartered in Richmond, VA.

Key Stats and Financials As of 2021
Market Capitalization
$381M
Total Enterprise Value
$572M
Earnings Per Share
$0.9
EBITDAMargin
10.04%
Enterprise Value / Sales
0.66x
Enterprise Value EBITDAOperating
6.54x
TEVNet Income
18.85x
Debt TEV
0.53x
Three Year Compounded Annual Growth Rate Of Revenue
-6.73%
Revenue
$871M
Net Profit
$30.3M
EBITDA
$87.4M
Total Debt
$304M
Total Equity
$291M
Non-Profit Donations & Grants
Suppliers
Icelandic Group ehf Holding Companies | Reykjavík, Iceland

Icelandic Group ehf operates as a holding company with interests in manufacturing and selling frozen seafood products. It has operations in the United States, the United Kingdom, Continental Europe and Asia. The company was founded in 1942 and is headquartered in Reykjavík, Iceland.

Imdex Ltd. Industrial Machinery & Manufacturing | Balcatta, Australia

Imdex Ltd. engages in the provision of mining equipment, technology, and services. It operates through the AMC and REFLEX brands. The AMC brand deals with drilling fluids, equipment, technologies, and software. The REFLEX brand includes downhole instrumentation, data management and analytical software for geological modelling. The company was founded on December 17, 1980 and is headquartered in Balcatta, Australia.

Competitors
Rich Holdings, Inc. Food - Buffalo, New York

Rich Products Corp. manufactures and supplies frozen food products. Its products include pizza, cake icing and sweet, desserts, culinary solutions. The company was founded by Robert E. Rich, Sr. in 1945 and is headquartered in Buffalo, NY.

Conagra Brands, Inc. Food - Chicago, Illinois

Conagra Brands (NYSE: CAG), headquartered in Chicago, combines a rich heritage of making great food with a sharpened focus and entrepreneurial spirit. They’re transforming the way they operate to fulfill what consumers and customers want, in a smart, simple way. They're modernizing their iconic food brands, leveraging fresh opportunities and adapting to a changing landscape – all with a culture that’s ready to capture growth and drive shareholder value.

Sysco Corp. Wholesale: Consumer Non-Durables/Sundries - Houston, TX

Building customer relationships requires time, effort and sincerity. For Sysco, it began with a promise to assist foodservice operators in providing consumers with solutions for meals consumed away from home. Since the initial public offering in 1970, when sales were $115 million, Sysco has grown to $37 billion in sales for fiscal year 2010. Many solid customer relationships have been nurtured along the way, countless dining trends and meal alternatives have evolved, and today the decision to consume meals prepared away from home is as much necessity as choice. Since then, the industry it serves has expanded from $35 billion to more than $200 billion. Today, Sysco has sales and service relationships with approximately 400,000 customers and remains committed to helping them succeed in the foodservice industry and satisfy consumers' appetites. Operating from more than 180 locations throughout the United States, Canada and Ireland, Sysco's product lines are as diverse as the 45,000 employees who support its daily operations. They include not only the ingredients needed to prepare meals, but also numerous ancillary preparation and serving items. As a result, Sysco can make a difference in its customers' lives and the success of their businesses

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