Seneca Foods Announces Purchase of Assets Related to the Green Giant U.S. Shelf-Stable Business
08 Noviembre 2023 - 3:06PM
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) announced today
that it has purchased assets related to the Green Giant U.S.
shelf-stable business from B&G Foods. In connection with the
sale, the Company has entered into a license agreement for use of
the Green Giant brand name for Green Giant shelf-stable products.
B&G Foods will retain ownership of the Green Giant trademarks.
The sale does not include Green Giant frozen, Green Giant
Canada or the Le Sueur brand which will remain with B&G Foods.
“We are excited to add the iconic Green Giant
brand and shelf-stable products to our portfolio of canned
vegetable offerings,” said Paul Palmby, President and Chief
Executive Officer of Seneca Foods Corporation. “Having
co-manufactured much of this product for B&G Foods for many
years, we have long admired the strength of the brand in the market
and look forward to its continued success.”
About Seneca Foods
Corporation
Seneca Foods is one of North America’s leading
providers of packaged fruits and vegetables, with facilities
located throughout the United States. Its high quality products are
primarily sourced from approximately 1,400 American farms and are
distributed to approximately 60 countries. Seneca holds a large
share of the market for retail private label, food service,
restaurant chains, international, contracting packaging,
industrial, chips and cherry products. Products are also sold under
the highly regarded brands of Libby’s®, Aunt Nellie’s®, Green
Valley®, CherryMan®, READ®, and Seneca labels, including Seneca
snack chips. Seneca’s common stock is traded on the Nasdaq Global
Select Market under the symbols “SENEA” and “SENEB”. SENEA is
included in the S&P SmallCap 600, Russell 2000 and Russell 3000
indices.
Contact:
Michael Wolcott, Chief Financial Officer
585-495-4100
Seneca Foods (NASDAQ:SENEA)
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