Bonduelle continues its development in frozen food in the United States with the acquisition of the Lebanon plant

Date : 12/02/2019 @ 08h00
Source : GlobeNewswire
Valeur : Bonduelle (BON)
Cours : 26.45  -0.9 (-3.29%) @ 17h39
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Bonduelle continues its development in frozen food in the United States with the acquisition of the Lebanon plant

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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