High Liner Foods Acquires Leading U.S. Breaded And Battered Seafood Brands Mrs. Paul's And Van De Kamp's From Conagra Brands, Inc. For USD $55 Million

June 6 (Reuters) - High Liner Foods Inc HLF.TO:

• HIGH LINER FOODS ACQUIRES LEADING U.S. BREADED AND BATTERED SEAFOOD BRANDS MRS. PAUL'S AND VAN DE KAMP'S FROM CONAGRA BRANDS, INC. FOR USD $55 MILLION

• HIGH LINER FOODS INC - DEAL TO BE FUNDED FROM EXISTING ABL FACILITY

• HIGH LINER FOODS INC - BUYS MRS. PAUL'S AND VAN DE KAMP'S FOR $55 MILLION

• HIGH LINER FOODS INC - EXPECTED TO DELIVER $11 MILLION ANNUAL RUN RATE ADJUSTED EBITDA FROM 2027

• HIGH LINER FOODS INC: DEAL EXPECTED TO BE SLIGHTLY ACCRETIVE TO ADJUSTED EBITDA STARTING IN SECOND HALF OF 2025