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Seneca Foods Corp., Marion, N.Y., announces it has signed a letter of intent to acquire Unilink LLC and its affiliated company, Lebanon Valley Cold Storage LP, which sell frozen fruits and vegetables in the packaged private label retail and food service channels. Seneca is one of the country's largest processors of canned fruits and vegetables with manufacturing facilities located throughout the United States. Its products are sold under the Libby's, Aunt Nellie's Farm Kitchen, Stokely's, READ, and Seneca labels as well as through the private label and industrial markets. Unilink is a wholly owned subsidiary of the Pennsylvania Food Group LLC. Its fiscal 2009 revenues were approximately $65 million. "We believe Unilink is an excellent fit for Seneca as we expand our frozen private label and food service businesses," Kraig Kayser, Seneca Foods President and CEO, says. The acquisition remains subject to both the signing of a definitive agreement and to customary closing conditions. It is expected that the acquisition will be completed within the next four weeks.
Dutch buying group Superunie is switching to fair trade product for its entire private label tea assortment for all its 14 members. The move will cover 102 different products. The first fair trade products from the retailer brands Perfekt, Markant, Plus, 1 de Beste and Spar will be available for consumers beginning Oct. 1. “Since 2005, Superunie has been buying its private label tea directly from a select supplier in Sri Lanka, who holds his own plantations. We have been able to develop the Fairtrade teas in a partnership with this supplier and the Max Havelaar Foundation,” said Dick Roozen, managing director of Superunie.
Rite Aid Corp., Camp Hill, Pa., and Save-A-Lot, a SUPERVALU company, are announcing that Rite Aid is entering into a licensing agreement with Save-A-Lot to add a discount, limited-assortment grocery store concept to Rite Aid's 10 existing stores in the Greenville, S.C., market. The stores will be co-branded Save-A-Lot Food Stores/Rite Aid Pharmacy and will continue to be owned and operated by Rite Aid. Rite Aid will continue to offer health and beauty products, including its private brand items, in these stores along with Save-A-Lot grocery products. "We chose to add Save-A-Lot because of its strong sales record, wide selection of attractively priced exclusive brands and its solid reputation for discount grocery. Plus it's a model that's efficient for Rite Aid associates to operate," says Ken Martindale, Rite Aid COO.