HF Foods Group Inc., a leading food distributor to Asian restaurants across the US, has completed its acquisition of the business operations of Great Wall Seafood Supply Inc., Great Wall Restaurant Supplier Inc. and First Mart Inc. (collectively referred to as the Great Wall Group).
The Great Wall Group is one of the largest frozen seafood suppliers servicing the Asian/Chinese restaurant market in the US, and generates combined annual revenue of approximately US$200 million.
The Great Wall Group has a dominant presence in the Midwest, Southwest, and Southern regions since its inception in 1996. The Great Wall Group works with vendors globally from regions such as China, Canada, South America, and New Zealand, with thousands of cargo containers transported annually.
Peter Zhang, CEO of HF Foods said, “The acquisition doubles our distribution network to over 40 states covering approximately 80% of the US (excluding Alaska and Hawaii) and propels us to over a billion dollars in projected 2022 revenue. The combined entity now serves over 12,500 restaurant customers or about 30% of the nation’s Asian/Chinese restaurant establishments. We will continue to solidify our market leadership position to deliver long-term shareholder value through organic growth and acquisitions such as this.”
With 16 distribution centers strategically located throughout the US, HF Foods aims to supply the increasing demand for Asian American restaurant cuisine. With an in-house proprietary ordering and inventory control network, more than 12,500 established customers in over 40 states, and strong relations with growers and suppliers of food products in the US, South America and China, HF Foods Group is able to offer fresh, high-quality specialty restaurant foods and supplies at economical prices to its large and growing base of customers.