A proposed merger between publicly-traded Seneca Foods Corp. of New York and privately-held Allens, Inc. of Siloam Springs has been called off.
In a press release put forth today, the two sides revealed little details of the cancelled deal.
"Seneca Foods Corporation and Allens, Inc. have terminated negotiations for the merger of the two companies that was previously announced on July 22, 2011," a Seneca press release said.
Seneca is a processor of canned fruits and vegetables with manufacturing facilities located throughout the U.S. Its products are sold under the Libby’s, Aunt Nellie’s Farm Kitchen, Stokely’s, READ, Seneca Farms and Seneca labels as well as through the private label and industrial markets.
Allens, Inc. is a domestic processor of canned and frozen vegetables. Its products are sold via branded and private label items to the retail, foodservice and industrial markets under the brand names of Allens, Veg-All, Fresh Like, Popeye, Trappeys, Sugary Sam and Princella. Allens was founded in 1926.