Seneca Foods & Allen, Inc. Terminate Merger Negotiations
09/02/2011| 09:50am US/Eastern
Dated: September 2, 2011
Seneca Foods and Allens, Inc. Terminate Merger Negotiations
Seneca Foods Corporation (SENEA, SENEB) and Allens, Inc. have terminated negotiations for the merger of the two companies that was previously announced on July 22, 2011.
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, 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 in the S&P SmallCap 600, Russell 2000 and Russell 3000 indices.
About Allens, Inc.
Privately held and headquartered in Siloam Springs, Arkansas, Allens, Inc. is a processor of canned and frozen vegetables in the United States. Its product suite is sold via branded and private label items to the retail, foodservice and industrial markets. Key brands include: Allens, Veg-All, Fresh Like, Popeye, Trappeys, Sugary Sam and Princella. Allens, Inc. was founded in 1926.
Seneca Foods Contact:
Roland E. Breunig, Chief Financial Officer
Allens, Inc. Contact:
Juan A. Cazorla, Vice President – Finance and Strategy