date:Dec 27, 2013
Two years after merger talks between Seneca Foods Corp. and Allens Inc. broke down, the companies have an agreement that will allow Seneca to buy the bankrupt Allens Inc. for $148 million, pending approval from a bankruptcy judge.
Both companies are in the canned food business and buy fresh vegetables and fruit, which are processed and sold under a variety of brands. Seneca has private label products as well as packing for Libbys, Blue Boy, Stokleys and Green Giant. Allens is known for its Veg-