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Food & Beverage M&A image Food & Beverage M&A » By The Online Investor Staff, updated Fri., Apr. 19, 12:12 PM Recent mergers and acquisitions in the Food & Beverage M&A category.

Slide #93. Seneca Foods Corporation Independent Foods, LLC

Acquirer: Seneca Foods Corporation (NASDAQ:SENEA)
Acquiree: Independent Foods, LLC
Details: Seneca Foods Corporation (SENEA, SENEB), Underwood Fruit and Warehouse Company LLC, Independent Foods Processors Corporation, and Mt. Adams Orchards Corporation are pleased to announce that they have signed a Memorandum of Understanding contemplating an acquisition by Seneca Foods of the ownership interest of Independent Foods, LLC. The completion of the transaction is subject to the negotiation and execution of a definitive agreement between the parties, customary closing conditions, including regulatory, shareholder and lender approvals and satisfactory completion of due diligence. Terms of the deal were not 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®.

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Preferred: SENEM



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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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April 19, 2024    12:12 PM Eastern
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