date:Apr 03, 2014
Seneca Foods Corp., a leading supplier of packaged fruits and vegetables, has agreed to acquire a 50% stake in Truitt Bros., Inc., a processor of shelf-stable meals in pouches and trays for food service. Financial terms were not disclosed.
Under the agreement, Seneca has purchased ownership interest and directly related holdings from Peter W. Truitt, a co-founder of the family-owned business, which has operations in Salem, Ore., and East Bernstadt, Ky. In addition, the company has entered into