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Press Release

May. 29, 2015 | Corporate

Seneca Foods Corporation (NASDAQ:SENEA, SENEB) and Pacific Coast Producers announced today that the asset purchase agreement between the two companies has been terminated, and that Pacific Coast Producers will not be acquiring the Modesto, California facility and associated business from Seneca Foods.  Both companies received a “second request” letter from the Department of Justice on Tuesday, May 26.  In light of the delay associated with the request, both companies agreed that it was in our mutual best interests to terminate the agreement, and focus our efforts on upcoming production season.  Dan Vincent, CEO of Pacific Coast Producers, and Kraig Kayser, CEO of Seneca Foods jointly said “it is a discouraging outcome given the many very real challenges facing our industry; however our immediate priority must be to focus on the pack as the harvest is just weeks away.”

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