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Frozen Foods International News
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| Seneca Foods Expands Frozen Presence |
Seneca Foods, Marion, New York, USA, has signed a letter of
intent to acquire Unilink and its affiliated company, Lebanon
Valley Cold Storage, which sell frozen fruits and vegetables in
the packaged private label retail and food service channels.
One of the largest US processors of canned fruits and vegetables,
Seneca is also involved in producing frozen vegetables under the
Green Giant brand through an alliance with General Mills.
"We believe Unilink is an excellent fit for Seneca as we expand
our frozen private label and food service businesses. The company
has been growing very rapidly over the past several years and
operates a state-of-the-art facility that opened in 2008," stated
Kraig Kayser, Seneca Foods' president and ceo.
" Unilink has developed a market presence in the frozen fruit and
vegetable business due to the hard work of its employees. Our
company will fit well into the Seneca Foods structure and we
believe both companies will benefit from the relationship,
stated Gary Gregory, Unilink's president.
The acquisition remains subject to both the signing of a
definitive agreement and to customary closing conditions. It is
expected that the acquisition will be completed within the next
four weeks.
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| 22-Jun-10 |
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