date:Dec 18, 2013
Seneca Foods Corporation has signed an agreement as a stalking horse bidder to purchase substantially all the operating assets of Allens, Inc., for approximately $148 million. The transaction is subject to an auction and bankruptcy court approval.
Arkansas-based Allens is a leader in canned and frozen vegetables. On Oct. 28, 2013, the company voluntarily filed petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Western District of Arkansas in F