date:Apr 03, 2014
Seneca Foods Corporation and Peter W. Truitt have entered into a Share Purchase Agreement whereas the Company has acquired Peter's 50% ownership interest in Truitt Bros., Inc., and directly related holdings. The effective date of the transaction is April, 1, 2014. The management of Truitt Bros., Inc. will remain unchanged. The remaining terms of the Share Purchase Agreement are currently not being disclosed.
In addition to the aforementioned Share Purchase Agreement, the Company also entered i