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Apr. 4, 2017 | Corporate

Seneca Foods Acquires the Remaining 50% of Truitt Bros., Inc.

Seneca Foods and David J. Truitt have entered into a Share Purchase Agreement whereas the Company has acquired David’s 50% ownership interest in Truitt Bros., Inc., (“TBI”) and directly related holdings. The effective date of the transaction is April, 1, 2017. With this transaction the Company will now own 100% of TBI which they will retain as a wholly owned subsidiary. David Truitt and the existing management team will continue to operate the TBI business after this transaction. The remaining terms of the Share Purchase Agreement are currently not being disclosed.

Jan. 23, 2017 | Technology

Seneca Foods and Valspar debut industry-leading valPure® can linings in flagship Libby’s® brand canned vegetables.

Seneca Foods today announced its continued commitment to food safety education by partnering with The Valspar Corporation, adding their valPure® logo to many of its canned vegetable labels. valPure®, Valspar’s brand of non-BPA* can lining technologies, provides superior protection for food while addressing consumers’ desire to avoid materials of concern. The valPure® lining has been evaluated using Safety by Design, a process modeled on pharmaceutical development, ensuring a safe and sustainable solution. As the first major canned vegetable processor to switch to BPA non-intent linings, Seneca has updated its labels to provide greater transparency of the materials used in place of BPA.

Jun. 8, 2016 | Earnings Reports

Seneca Foods Reports Earnings of $13.8 Million or $1.38 per Diluted Share for the Fourth Quarter of Fiscal Year 2016

Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported that net earnings for the fiscal fourth quarter of 2016 was $13.8 million, or $1.38 per diluted share, compared to $2.8 million, or $0.26 per diluted share, in the fiscal fourth quarter of 2015.  Net sales for the fourth quarter ended March 31, 2016, increased from the fourth quarter ended March 31, 2015, by 9.3%, to $303.7 million.  The increase is attributable to increased sales volume of $52.4 million partially offset by lower selling prices/less favorable sales mix of $26.7 million.  click here to view entire press release

Showing 1 - 14 of 75 results