MARION, N.Y. — Seneca Foods Corp. has signed a memorandum of understanding to acquire Sunnyside, Wash.-based Independent Foods, L.L.C., a privately-held processor of canned pears, apples and cherries in the United States.
The transaction is subject to negotiation and execution of a definitive agreement between the parties as well as customary closing conditions, including regulatory, shareholder and lender approvals.
Terms of the deal were not disclosed.