Bonduelle To Acquire Lebanon Frozen Foods Plant In US
Canned vegetables producer Bonduelle has announced that it is ‘in discussions’ to acquire a frozen foods plant Lebanon, Pennsylvania.
The facility is operated by American foods business Seneca Foods Corporation, and is used for the packaging of frozen products.
It was built in 2008 and acquired by Seneca in 2010. The plant has a capacity of 45,000 tonnes across seven packaging lines, as well as a large storage capacity.
‘This acquisition, including industrial assets, frozen product stocks and the employees at the Lebanon industrial site, is expected to close in the coming weeks,’ Bonduelle said in a statement.
Last year, Bonduelle reported full year turnover of €2.8 billion, which was 21.4% higher than the previous year.
The acquisition of Ready Pac Foods in the US was cited as a major driving force behind the firm’s performance.
Bonduelle operates 54 industrial sites and owned agricultural production sites around the world.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.