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Highliner Food Svc company history timeline

1982

1982, acquired the Commodore private label.

1986

1986, acquired Fisher Boy.

1998

On December 31, 1998, the company changed their name to High Liner Foods Incorporated and National Sea Products Limited became a division of the company.

1999

1999, changed our name to High Liner Foods.

2003

In May 2003, the company's fish processing quotas and nine trawlers were sold to a consortium headed by Clearwater Seafoods.

HLF is a much nimble company compared to CLR as it has converted itself into a seafood processor after selling its fish processing quotas and trawlers to CLR back in 2003.

2007

2007, acquired the North American marketing and manufacturing business of Fishery Products International.

2010

2010, purchased the assets of Viking Seafoods, Inc.

2011

2011, acquired Icelandic Group’s United States and Asian operations.

2013

2013, acquired the principal assets and operations of American Pride Seafoods LLC from American Seafoods Group LLC.

2014

2014, acquired the business of Atlantic Trading Company LLC

2016

HLF paid USD101million for Rubicon which had a sales of USD234milion and adjusted EBITDA of USD16million in 2016.

2016, sold scallop business assets along with the New Bedford, Massachusetts facility to Blue Harvest Fisheries

2017

Source: Investor Presentation, November 2017

HLF had a market share of 2.9% in 2017 for its branded products and additional market presence via private-label products supplied to a large grocery retailers.

Source: Annual Information Form 2017

2018

Our 12-month price target is CAD9.10/share for TSX-listed HFL.TO and USD7.0/share for NASDAQ OTC-listed HLNFF which translates into 2018 EV/EBITDA of 8.7x.

2021

© 2021 High Liner Foods Inc.

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Founded
1957
Company founded
Headquarters
Portsmouth, NH
Company headquarter
Founders
James Smith,Lewis Smith
Company founders
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Highliner Food Svc may also be known as or be related to High Liner Foods, High Liner Foods (USA), Inc., High Liner Foods (USA), Incorporated and Highliner Food Svc.