HF Foods Group Inc. (NASDAQ: HFFG) is a U.S. foodservice distribution company that sources and delivers food products primarily to Asian restaurants across the United States. Revenue is transactional, generated from the wholesale distribution of food items including specialty food products, produce, and center-of-the-plate products purchased from third-party domestic and international suppliers and resold to restaurant customers. The company positions itself as a consolidator in a highly fragmented Asian foodservice distribution market, competing against small-scale wholesaler redistributors, specialty import brokers, farmers markets, and local produce retailers that lack comparable logistics infrastructure. HF Foods was originally incorporated in Delaware on May 19, 2016 as Atlantic Acquisition Corp. and completed a reverse acquisition on August 22, 2018 that brought in HF Group Holding Corporation shareholders as majority owners, adopting its current name at that time. The company operates temperature-controlled distribution centers requiring significant invested capital. Asian restaurants remain the core customer base as of the FY2025 10-K filed March 16, 2026.

Revenue model

Transactional wholesale distribution revenue generated by purchasing food products from third-party suppliers and reselling them to foodservice customers, primarily Asian restaurants. Revenue is reported as third-party and related-party net revenue streams.

Products and services

Specialty food products, produce, and center-of-the-plate products sourced from domestic and international suppliers. Product portfolio supported by long-term supplier partnerships. No proprietary branded products are identified in the filing excerpts.

Customers and end markets

Primary customers are Asian restaurants, predominantly operated by Asian Americans. The company has stated intent to selectively expand into other ethnic and specialty foodservice segments over time.

Value-chain role

Wholesale food distributor sitting between third-party domestic and international suppliers and foodservice end customers. Operates temperature-controlled warehouse and logistics infrastructure to provide consolidated purchasing, high fill rates, and delivery frequency.

Geographic exposure

United States. The filing identifies the company as a leading Asian food distributor in the U.S. Specific states or regions served are not enumerated in the provided excerpts.

Competitors

Small-scale wholesaler redistributors, Specialty import brokers, Farmers markets, Local produce retailers, Mainstream food distributors

Source: SEC 10-K, filed 2026-03-16

Industry: Wholesale-Groceries & Related Products Peers: Innovative Food Holdings Inc Andersons Inc Chefs' Warehouse Inc SpartanNash Co Sysco Corp United Natural Foods Inc US Foods Holding Corp