Bonduelle continues its development in frozen food in the United States with the acquisition of the Lebanon plant
12 Février 2019 - 8:00AM
BONDUELLE
A French SCA (Partnership Limited by Shares) with
a capital of 56 942 095 Euros
Head Office: La Woestyne, 59173 Renescure,
France
Registered under number: 447 250 044 (Dunkerque
Commercial and Companies Register)
Villeneuve d'Ascq, France, February
12, 2019 - Press release
Bonduelle continues its development in frozen
food
in the United States with the acquisition of the Lebanon
plant
The Bonduelle Group announces that
it has reached a definitive agreement with the American company
Seneca (NASDAQ: SENEA, SENEB) to acquire its plant in Lebanon
(Pennsylvania, USA).
This plant, which is used for the
packaging of frozen products, was built in 2008 and acquired by
Seneca in 2010, has a capacity of 45,000 tons on 7 packaging lines
in perfect working order, with a large storage capacity, and has
140 permanent collaborators.
The Bonduelle Americas Long Life
business unit (BALL), which until recently was limited in its
development capacity, is thus completing its frozen industrial
facility in North America, with 4 industrial facilities in the
Eastern United States and 6 in Canada. In addition to the
additional packaging capacity generating revenue, this acquisition
will allow both industrial and logistical synergies with existing
facilities and will offer enhanced quality of service for the
benefit of BALL business unit customers.
This acquisition, including
industrial assets, stocks of frozen products and the personnel of
the Lebanon industrial site, effective February 11, 2019, will,
given the seasonality of the activity, be accretive from the
2019-2020 financial year.
Investor relations
contacts: BONDUELLE -
finance@bonduelle.com
Press contacts / Public relation
firm:
Benjamin ZEHNDER - RP carrées - Tel:
+33.(0)6.76.41.18.19 - Email:
benjamin.zehnder@rp-carrees.com
Vanessa VAZZAZ - RP carrées - Tel:
+33.(0)3.28.52.07.42 / C: +33.(0)6.34.32.24.23
Email: vanessa.vazzaz@rp-carrees.com
About Bonduelle
Bonduelle, a family business, was established in
1853. Its mission is to be the world reference in "well-living"
through plant-based food. Prioritizing innovation and long-term
vision, the group is diversifying its operations and geographical
presence. Its vegetables, grown over more than 130,000 hectares all
over the world, are sold in 100 countries under various brand names
and through various distribution channels and technologies. An
expert in agro-industry with 54 industrial sites or owned
agricultural production sites, Bonduelle produces quality products
by selecting the best crop areas close to its
customers.
Bonduelle is listed on Euronext compartment
A
Euronext indices: CAC MID & SMALL - CAC FOOD
PRODUCERS - CAC ALL SHARES
Bonduelle is part of the Gaïa non-financial
performance index and employee shareholder index
(I.A.S.)
Code ISIN : FR0000063935 - Code Reuters : BOND.PA
- Code Bloomberg : BON FP
Find out about the group's current events and news
on Twitter @Bonduelle_Group, and its financial news on
@BonduelleCFO
Lebanon- CP février 2019 -
GB
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: BONDUELLE via Globenewswire
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