Seneca Foods acquiring Unilink, Lebanon Valley Cold Storage

June 22, 2010
Seneca Foods Corporation (NASDAQ:SENEA and SENEB) has signed a letter of intent to acquire Unilink LLC and its affiliated company, Lebanon Valley Cold Storage LP.

Seneca Foods Corporation (NASDAQ:SENEA and SENEB) 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 foodservice channels.

Unilink is a wholly owned subsidiary of the Pennsylvania Food Group LLC and 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 foodservice 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,” said Kraig Kayser, Seneca Foods president and chief executive officer.

The acquisition remains subject to both the signing of a definitive agreement and to customary closing conditions. It is expected that the acquisition will be completed within the next four weeks.

Unilink and Lebanon Valley Cold Storage are privately held companies. Unilink was founded in May 2003 and distributes frozen products to customers in the eastern United States. Lebanon Valley Cold Storage operates a cold storage facility in Lebanon PA.

Under an alliance with General Mills Operations LLC, a successor to the Pillsbury Company and a subsidiary of General Mills Inc, Seneca produces frozen and canned vegetables, which are sold by General Mills Operations LLC under the Green Giant label.

Sponsored Recommendations

Heavy-Duty Maintenance Checklist

A maintenance checklist can help ensure you hit everything necessary during an inspection. Check out our free downloadable checklist to help streamline your repairs.

Five Ways a Little Data Can Save Your Company Millions

While most trucking and logistics companies rely on cellular to keep their work fleet connected, satellite has the ability to connect anywhere and through small data transmission...

Fleet Case Study: 15% YOY Growth for ITDS

Learn how this small trucking company scaled significantly and maintained outstanding customer service without adding additional people. Sylectus TMS can automate operations and...

Unlocking Fleet Safety & Efficiency: The Managed Service Advantage

Want to boost your fleet's safety and efficiency? Tune in now to discover the power of Managed Services in optimizing your safety program, streamlining operations, and making ...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!