HF Foods Group Inc. (NASDAQ: HFFG) announced today, September 30 2025, that it has entered into a binding purchase agreement for a distribution facility located in Chicago, Illinois. The facility, which the company had leased after acquiring Great Wall Seafood in 2022, will now be owned by HF Foods, allowing the company to exit the lease early and reduce long‑term operating expenses.
The acquisition advances HF Foods’ ongoing transformation plan by improving operational efficiency, reducing facility costs, and strengthening organic growth through cross‑selling opportunities. Owning the warehouse enables the company to invest in capacity expansion and consolidation, positioning it for greater market share in the Midwest region.
HF Foods highlighted that its recently announced At‑the‑Market equity offering program will provide the financial flexibility needed to expedite this and future acquisitions. The program is expected to supply liquidity for working capital, capital expenditures, and potential business expansion, supporting the company’s strategic investment agenda.
The deal deepens HF Foods’ commitment to the Chicago market and is expected to deliver long‑term benefits to local restaurant customers by improving operational control, enhancing logistics, reducing facility costs, and driving margin growth.
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