Seneca Foods, Allens intend to merge
July 25, 2011
by Eric Schroeder
MARION, N.Y. — Seneca Foods Corp. and Allens, Inc. on Friday announced plans to merge the two companies in a stock-for-stock transaction. Terms of the transaction were not disclosed.
Based in Marion, Seneca Foods is a processor of 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, Seneca Farms 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., a successor to the Pillsbury Co. and a subsidiary of General Mills, Inc., Seneca produces canned and frozen vegetables that are sold by General Mills Operations, L.L.C. under the Green Giant label.
Seneca posted earnings of $16.8 million on sales of $1.19 billion in fiscal 2010.
Privately held and based in Siloam Springs, Ark., Allens, Inc. is a processor of canned and frozen vegetables. Its product suite is sold via branded and private label items to the retail, food service and industrial markets. Key brands include Allens, Veg-All, Fresh Like, Popeye, Trappeys, Sugary Sam and Princella.