US: Seneca acquires canned fruit group Independent Foods
By Katy Askew | 16 January 2013
 |
Seneca completes Independent buy |
Seneca Foods has completed the acquisition of Washington-based canned fruit manufacturer Independent Foods.
Independent produces branded and private label canned pears, apples and cherries.
"We believe that these operations are a complementary fit with our existing canned fruit business. We are very excited about this acquisition and the addition of the Sunnyside, Washington facility to our production facilities, and the extension of our product offerings it brings to our company," stated Kraig Kayser, Seneca Foods' president and CEO.
The financial details of the transaction were not disclosed.
Seneca Foods makes products under brands including Libby's, Stokely's and Seneca Farms. It manufactures private-label lines and also makes canned and frozen vegetables for General Mills, which the US food giant then sells under the Green Giant brand.
The company had announced that it was in talks over a potential acquisition in November.
Seneca Foods Completes the Acquisition of Independent Foods LLC
MARION, N.Y., Jan. 15, 2013 /PRNewswire/ -- Seneca Foods Corporation (the "Company") (NASDAQ: SENEA, SENEB) announced today that it completed the acquisition of Independent Foods, LLC. This business, based in Sunnyside, Washington, is a processor of canned pears, apples and cherries in the United States. Its product suite is sold via branded and private label items to the retail, foodservice and industrial markets.
"We believe that these operations are a complementary fit with our existing canned fruit business. We are very excited about this acquisition and the addition of the Sunnyside, Washington facility to our production facilities, and the extension of our product offerings it brings to our company," stated Kraig Kayser, Seneca Foods' President and CEO. "On behalf of the entire Seneca team, I welcome them to the organization."
Original source: Seneca Foods
Sectors: Canned food, Mergers & acquisitions
Companies: Seneca Foods, General Mills
View next/previous articles
16 Jan 2013 -
16 Jan 2013 -
Currently reading -
US: Seneca acquires canned fruit group Independent Foods
Related research
Seneca Foods Corporation - SWOT, Strategy and Corporate Finance Report
Seneca Foods Corporation - SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings, detailed financials...
Seneca Foods Corporation - SWOT Analysis
Seneca Foods Corporation - SWOT Analysis company profile is the essential source for top-level company data and information. Seneca Foods Corporation - SWOT Analysis examines the company’s key business structure and operations, history and products, ...
Seneca Foods Corporation: Consumer Packaged Goods Company Profile, SWOT & Financial Report
Canadean's "Seneca Foods Corporation: Consumer Packaged Goods Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile contains a company overview, business description, SWOT a...
Related articles
HOFEX: Taywell looks to China, Gulf for premium ice cream opportunity
Taywell Ice Creams is hoping to cater to affluent consumers in China and the Gulf as it seeks out premium markets for its ice creams.
Deal or no deal: General Mills touted as WhiteWave suitor
Dean Foods has formally given the green light for the spin-off of soy and organic business WhiteWave Foods - and analysts are setting out companies they believe could be interested in the Horizon Organic and Alpro owner.
Editor's choice: the highlights on just-food this week
M&A - as ever - was a hot topic on just-food this week. Some deals were done - Hain Celestial acquired UK organic baby food firm Ella's Kitchen and PAI Partners snapped European own-label giant R&R Ice Cream. Potential transactions were speculated about - the spin off of WhiteWave Foods prompted rumours over possible suitors and Unilever's ongoing problems in spreads led to talk it could one day sell the unit.
There are currently no comments on this article
Be the first to comment on this article