High Liner Foods Inc.

High Liner Foods Inc.

High Liner Foods Inc.

Overview
Date Founded

1967

Headquarters

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

Type of Company

Public

Employees (Worldwide)

1,362

Industries

Food
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.

Executives & Employees

Executive Vice President & Chief Financial Officer

Secretary, Executive Vice President-Corporate Affairs & General Counsel

Chief Information Officer

Chief Supply Chain Officer

Chief Innovation Officer

Senior Vice President, North American Sales

Senior Vice President, US Plant Operations

Senior Vice President, Food Service Sales & Marketing

Senior Vice President, North American Sales

Vice President of Quality Assurance, Sustainability & Government Affairs

Board of Directors

Former President & Chief Executive Officer at High Liner Foods Inc.

Chairman & Chief Executive Officer at Aquarius Surgical Technologies, Inc.

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

Partner at Bennett Jones LLP

President & Chief Executive Officer at The Pace Group /Canada

Former Director & Counsel at Stewart McKelvey Stirling Scales

Regional President, The Americas at McCain Foods Ltd.

Former Chief Executive Officer at Canadian Partnership Against Cancer

President & Director at Baader-Johnson Food Equipment, Inc.

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High Liner Foods Inc.
Owners & Shareholders
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HighValue Partners AG is a private company headquartered in Balzers, Liechtenstein, that provides investment advice. It was founded in 2008 by Daniel Gonzenbach, he has been the CEO since that date.

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HighValue Partners AG is a private company headquartered in Balzers, Liechtenstein, that provides investment advice. It was founded in 2008 by Daniel Gonzenbach, he has been the CEO since that date.

Recent Transactions
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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 Rubicon Resources LLC

Legal Advisor

Advised onClearwater Seafoods LP purchases High Liner Foods /Fishing & Scallop Harvesting Business from High Liner Foods Inc.

Investment Advisor

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

Legal Advisor

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

Legal Advisor

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

Co-Chair, Antitrust & Competition

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

Clients

Red Rock Resorts, Inc. is a holding company, which engages in the management and development of gaming and entertainment facilities. It operates through the Las Vegas Operations and Native American Management segments. Its amenities include restaurants, entertainment venues, movie theaters, 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.

Walmart, Inc. engages in retail and wholesale business. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club. The Walmart U.S. segment perates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands. The Walmart International segment manags supercenters, supermarkets, hypermarkets, warehouse clubs, and cash & carryl. The Sam's Club segment comprises membership-only warehouse clubs and samsclubs.com. The company was founded by Samuel Moore Walton and James Lawrence Walton on July 2, 1962 and is headquartered in Bentonville, AR.

What Is Costco? We are a membership warehouse club, dedicated to bringing our members the best possible prices on quality brand-name merchandise. With hundreds of locations worldwide, Costco provides a wide selection of merchandise, plus the convenience of specialty departments and exclusive member services, all designed to make your shopping experience a pleasurable one. The History of Costco The company's first location, opened in 1976 under the Price Club name, was in a converted airplane hangar on Morena Boulevard in San Diego. Originally serving only small businesses, the company found it could achieve far greater buying clout by also serving a selected audience of non-business members. With that change, the growth of the warehouse club industry was off and running. In 1983, the first Costco warehouse location was opened in Seattle. Costco became the first company ever to grow from zero to $3 billion in sales in less than six years. When Costco and Price Club merged in 1993, the combined company, operating under the name PriceCostco, had 206 locations generating $16 billion in annual sales. Our operating philosophy has been simple. Keep costs down and pass the savings on to our members. Our large membership base and tremendous buying power, combined with our never-ending quest for efficiency, result in the best possible prices for our members. Since resuming the Costco name in 1997, the company has grown worldwide with total sales in recent fiscal years exceeding $64 billion

Key Stats and Financials As of 2017
Market Capitalization
$226M
Total Enterprise Value
$964M
Earnings Per Share
$1.27
Revenue
$1.37B
Net Profit
$41.1M
EBITDA
$72.6M
EBITDAMargin
5.31%
Total Debt
$489M
Total Equity
$337M
Enterprise Value Sales
0.7x
TEVNet Income
23.47x
Debt TEV
0.51x
Three Year Compounded Annual Growth Rate Of Revenue
5.57%
Five Year Compounded Annual Growth Rate Of Revenue
7.74%
Enterprise Value EBITDAOperating
13.29x
Non-Profit Donations & Grants
Suppliers
Icelandic Group ehf Holding Companies | Reykjavík, GR

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.

Blumar SA Agriculture & Mills | Las Condes, SA

Blumar SA engages in the provision of manufactured fish meal and fish oil products. It operates through the Fishing and Aquaculture segments. The Fishing segment manufactures fish meal and fish oil and processes frozen mackerel and hake. The Aquaculture segment involves in breeding and farming of salmon and trout. The company was founded in October 2011 and is headquartered in Las Condes, Chile.

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

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

Rich Holdings, Inc. Food - Buffalo, New York

Rich Holdings, Inc. manufactures and supplies frozen food products. Its products include toppings and icings, cakes and desserts, pizza, nut free cookies, bakery, breads and rools, shrimp and seafood, appetizers and snacks, bar-b-q, meatballs and pasta, gluten-free and syrups, and soaked cakes. The company was founded on January 31, 2005 and is headquartered in Nyack, NY.

Pinnacle Foods, Inc. Wholesale: Consumer Non-Durables/Sundries - Parsippany, NJ

Pinnacle Foods, Inc. engages in the provision of manufacturing, marketing, and distribution of food products in North America. It operates through the following segments: Frozen, Grocery, Boulder, and Specialty. The Frozen segment includes Hungry-Man frozen entrées; Van de Kamp's and Mrs. Paul's frozen prepared seafood; Lender's frozen and refrigerated bagels; and Celeste frozen pizza. The Grocery segment consists of a diversified portfolio of shelf-stable and refrigerated products under the Vlasic, Milwaukee's, and Wiejske Wyroby brands. The Boulder segment offers gluten-free products under the Udi's and Glutino brands and natural frozen meals under the EVOL brand. The Specialty segment covers direct store delivery snacks portfolio, including Tim's Cascade; Hawaiian kettle style chips; Snyder of Berlin; and Husman's. The company was founded on July 28, 2003 and is headquartered in Parsippany, NJ.

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