Food & Beverage M&A » By The Online Investor Staff, updated Sat., Apr. 20, 6:11 AM
Recent mergers and acquisitions in the Food & Beverage M&A category.
Slide #12. Seneca Foods Corporation — 50% of Truitt Bros., Inc.
Acquirer: |
Seneca Foods Corporation (NASDAQ:SENEA) |
Acquiree: |
50% of Truitt Bros., Inc. |
Details: |
Seneca Foods Corporation (the "Company") (NASDAQ: SENEA, SENEB) and Peter W. Truitt have entered into a Share Purchase Agreement whereas the Company has acquired Peter's 50% ownership interest in Truitt Bros., Inc., and directly related holdings. The effective date of the transaction is April, 1, 2014. The management of Truitt Bros., Inc. will remain unchanged. The remaining terms of the Share Purchase Agreement are currently not being disclosed. |
Seneca Foods is a provider of packaged fruits and vegetables. Co.'s principal product offerings include canned, frozen and bottled produce, and snack chips. Co. manufactures and sells the following: private label products to retailers, such as supermarkets, mass merchandisers, and specialty retailers, for resale under the retailers' own or controlled labels; private label and branded products to the foodservice industry, including foodservice distributors and national restaurant operators; and branded products under national and regional brands that Co. owns or licenses, including Seneca®, Libby's®, Aunt Nellie's®, Cherryman®, Green Valley® and READ®.
SENEA SEC Filing Email Alerts Service
Preferred: SENEM
Open the SENEA Page at The Online Investor »
Company Name: |
Seneca Foods Corp. |
Stock buyback: |
SENEA buyback |
Website: |
www.senecafoods.com |
Sector: |
Food & Beverage |
Number of ETFs Holding SENEA: |
16 |
Total Market Value Held by ETFs: |
$27.85M |
Total Market Capitalization: |
$310.00M |
% of Market Cap. Held by ETFs: |
8.98% |
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Open the SENEA Page at The Online Investor (in a new window) »
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April 20, 2024 6:11 AM Eastern
Sell (1.00 out of 4)
100th percentile
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