Landec acquires green bean processor

by Keith Nunes
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MENLO PARK, CALIF. — The Landec Corp. has acquired GreenLine Foods, a processor and marketer of value-added green beans, from the private equity firm The Riverside Company. Terms of the agreement were not disclosed.

GreenLine’s primary processing facilities are located in Bowling Green, Ohio, and Hanover, Pa. Additional facilities are located in Vero Beach, Fla., and Pico Rivera, Calif.

“The GreenLine team brings deep operational sourcing and transportation expertise, as well as solid industry relationships,” said Ron Midyett, chief executive officer of Apio, a subsidiary of Landec. “The have built a strong brand through their commitment to high quality products and customer service. Apio is pleased to expand our offering to include a wide range of products from two leading brands.”

Based in Guadalupe, Calif., Apio, Inc. is a processor of fresh-cut specialty vegetables. The company sells its products under the Eat Smart brand.

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