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®.
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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April 19, 2024 12:12 PM Eastern
Sell (1.00 out of 4)
100th percentile
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