Seneca to buy frozen fruits, vegetables maker
June 21, 2010
by Eric Schroeder
MARION, N.Y. — Seneca Foods Corp. has agreed to acquire Unilink, L.L.C. and its affiliated company, Lebanon Valley Cold Storage, L.P., which primarily sell frozen fruits and vegetables in the packaged private label retail and food service channels. Financial terms of the transaction, which is expected to close within the next four weeks, were not disclosed.
Headquartered in Lebanon, Pa., Unilink is a wholly-owned subsidiary of the Pennsylvania Food Group, L.L.C., and has annual sales of approximately $65 million. The company distributes frozen products to customers located in the eastern United States.
“We believe Unilink is an excellent fit for Seneca as we expand our frozen private label and food service businesses,” said Kraig Kayser, president and chief executive officer of Seneca Foods. “The company has been growing very rapidly over the past several years and operates a state-of-the-art facility that opened in 2008.”
Seneca Foods processes canned fruits and vegetables with manufacturing facilities located throughout the United States. Its products are sold under the Libby’s, Aunt Nellie’s Farm Kitchen, Stokely’s, READ, and Seneca labels as well as through the private label and industrial markets. In addition, under an alliance with General Mills Operations, L.L.C., Seneca produces canned and frozen vegetables, which are sold by General Mills Operations, L.L.C. under the Green Giant label.