Sector News

Bonduelle to acquire Lebanon Frozen Foods plant in US

January 22, 2019
Consumer Packaged Goods

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.

Closing Soon
‘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.

By Stephen Wynne-Jones

Source: European Supermarket Magazine

comments closed

Related News

February 17, 2024

Chocolate prices likely to remain at a record high for 2024

Consumer Packaged Goods

A report from ingredients supplier Henley Bridge has warned that cocoa price increases of 15-20% for the first half of 2024 might continue into the second half of the year. Despite growth in global cocoa supply in 2021, unfavourable weather conditions and demand from emerging markets have led to supply deficits.

February 17, 2024

DSM-Firmenich to separate Animal Nutrition & Health business

Consumer Packaged Goods

By carving out the ANH business, DSM-Firmenich would focus fully on its Perfumery & Beauty; Taste, Texture & Health; and Health, Nutrition & Care divisions. Full focus on these businesses is expected to enhance commercial potential and synergies, supporting “consistent growth outlook alongside robust margins”.

February 17, 2024

Cargill expands partnership with foodtech company Enough

Consumer Packaged Goods

Cargill and Enough are expanding their partnership to further develop nutritious and sustainable alternative meat and dairy solutions. Cargill has signed a commercial agreement to use and market Enough’s Abunda protein and has also invested in the company’s Series C growth funding round.

How can we help you?

We're easy to reach