MARION, N.Y. — Pacific Coast Products has reached agreement to acquire Seneca Foods Corp.’s Modesto, Calif., fruit processing facility and its related business. Financial terms of the transaction were not disclosed.
The transaction is expected to close in the next 60 to 75 days after meeting customary closing conditions. The transaction does not involve any of the other fruit processing facilities owned by Seneca Foods.
Formed in 1971, Pacific Coast Producers is a grower-owned agricultural cooperative headquartered in Lodi, Calif. The cooperative processes and packages fruits and tomatoes for retail, food service and industrial markets under private label brands. The cooperative grows and packages its fruits and tomatoes in Northern California, with plants in Woodland, Lodi and Oroville, Calif., for distribution to all major retail grocery stores and food service markets in the United States.Seneca Foods is a provider of packaged fruit and vegetables, with facilities located throughout the United States. Its products are primarily sourced from more than 2,000 American farms. Seneca holds the largest share of the retail private label, food service and export canned vegetable markets, distributing to over 90 countries. Products are also sold under the Libby’s, Aunt Nellie’s, READ, Seneca Farms and Seneca labels, including Seneca snack chips.