MARION, N.Y., Jan. 15, 2013 /PRNewswire/ -- Seneca Foods
Corporation (the "Company") (NASDAQ: SENEA, SENEB) announced today
that it completed the acquisition of Independent Foods, LLC.
This business, based in Sunnyside,
Washington, is a processor of canned pears, apples and
cherries in the United States. Its product suite is sold via
branded and private label items to the retail, foodservice and
industrial markets.
"We believe that these operations are a complementary fit with
our existing canned fruit business. We are very excited about
this acquisition and the addition of the Sunnyside, Washington facility to our
production facilities, and the extension of our product offerings
it brings to our company," stated Kraig
Kayser, Seneca Foods' President and CEO. "On behalf of
the entire Seneca team, I welcome
them to the organization."
About Seneca Foods Corporation
Seneca Foods is a processor of canned fruits and vegetables with
manufacturing facilities located throughout the United States. Its products are sold under
the Libby's, Blue Boy, Aunt Nellie's Farm Kitchen, Stokely's, READ,
Seneca Farms and Seneca labels as
well as through the private label and industrial markets. In
addition, under an alliance with General Mills Operations, LLC, a
successor to the Pillsbury Company and a subsidiary of General
Mills, Inc., Seneca produces
canned and frozen vegetables, which are sold by General Mills
Operations, LLC under the Green Giant label. Seneca's common stock is traded on the Nasdaq
Global Stock Market under the symbols "SENEA" and "SENEB". SENEA is
included the S&P SmallCap 600, Russell 2000 and Russell 3000
indices.
Forward-Looking Statements
Statements that are not historical facts, including statements
about management's beliefs or expectations, are forward looking
statements as defined in the Private Securities Litigation Reform
Act (PSLRA) of 1995. All forward-looking statements involve
risks, uncertainties and contingencies which may cause actual
results, performance, or achievements to differ materially from
anticipated results, performance, or achievements. Factors
that may cause actual results to differ materially from those in
the forward-looking statements include those set forth in Seneca
Foods Corporation's filings with the SEC, including the disclosure
under the heading "Risk Factors" in Seneca Foods' Annual Report on
Form 10-K. There can be no assurance that the merger will
close on the expected schedule or that the merger will be
consummated at all. We are under no obligation to update or
alter our forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE Seneca Foods Corporation