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HF Foods completes merger with B&R Global Holdings

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Christian Fernsby ▼ | November 10, 2019
HF Foods
Merger   HF Foods has issued 30.7 million shares

HF Foods Group announced the completion of its merger with B&R Global Holdings.

Topics: HF Foods merger

Under the terms of the merger agreement, HF Foods has issued 30.7 million shares of its common stock to former shareholders of B&R, which has become a wholly-owned subsidiary of HF Foods. HF Foods expects the combined company to experience additional growth in the first year of ownership.

Founded in 1999, B&R Global supplies approximately 6,800 restaurants across 11 Western states, and combined with HF Foods, creates what we believe is the largest food distributor to Asian restaurants in the United States.

The combined entity (the “Group”) will have 14 distribution centers strategically located in nine states across the East and West Coasts of the United States and a fleet of over 340 refrigerated vehicles. With 960 employees supported by two call centers in China, the Group now serves over 10,000 restaurants in 21 states and provides round-the-clock sales and service support to its customers, who mainly converse in Mandarin or Chinese dialects.

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