This Week
  • DHD Ventures plans to spend $20 million to renovate two city buildings.

  • Technology and other factors have brought big changes to commercial building.

  • From Morocco, Joseph Squalli traveled far to become Rooney's Restaurant owner.

  • Gates Automotive Centers grows by connecting with customers.

  • RocMusic director Alexander Pena rallies young music makers.

  • Challenges mount for area companies that do business in Russia.

Seneca Foods acquires 50% of Oregon manufacturer

Rochester Business Journal
April 2, 2014

Seneca Foods Corp. has acquired 50 percent ownership in Oregon-based Truitt B. Bros. Inc. and its directly related holdings, the Marion, Wayne County-based food processor announced this week.

The deal with the canned food contract manufacturer was effective April 1, and management will not be changed as a result. Under the agreement, Seneca Foods has the right to acquire the remaining 50 percent ownership of Truitt in the future. Additional details were not disclosed.

“We are very excited about our investment in Truitt Bros,” said Kraig Kayser, Seneca Foods' president and CEO, in a statement. “Truitt Bros. is a leader in developing shelf stable meals in trays and pouches.”

Seneca Foods employs nearly 400 local workers and 3,500 companywide, with sales of some $1.3 billion in fiscal 2013.

 (c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.
 





 


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google