Jun. 21, 2010 | Corporate
Seneca Foods Corporation (the “Company”) (NASDAQ: SENEA, SENEB) announced today that it has signed a letter of intent to acquire Unilink, LLC and its affiliated company, Lebanon Valley Cold Storage, LP, which primarily sell frozen fruits and vegetables in the packaged private label retail and food service channels.
Unilink, LLC is a wholly owned subsidiary of the Pennsylvania Food Group, LLC. It is headquartered in Lebanon, PA. Fiscal 2009 revenues were approximately $65 million.
"We believe Unilink is an excellent fit for Seneca as we expand our frozen private label and food service businesses. The company has been growing very rapidly over the past several years and operates a state-of-the-art facility that opened in 2008," stated Kraig Kayser, Seneca Foods' President and CEO.