Bonduelle continues its development in frozen food in the United States with the acquisition of the Lebanon plant
A French SCA (Partnership Limited by Shares) with a capital of 56 942 095 Euros
Head Office: La Woestyne, 59173 Renescure, France
Registered under number: 447 250 044 (Dunkerque Commercial and Companies Register)
Villeneuve d'Ascq, France, February 12, 2019 - Press release
Bonduelle continues its development in frozen food
in the United States with the acquisition of the Lebanon plant
The Bonduelle Group announces that it has reached a definitive agreement with the American company Seneca (NASDAQ: SENEA, SENEB) to acquire its plant in Lebanon (Pennsylvania, USA).
This plant, which is used for the packaging of frozen products, was built in 2008 and acquired by Seneca in 2010, has a capacity of 45,000 tons on 7 packaging lines in perfect working order, with a large storage capacity, and has 140 permanent collaborators.
The Bonduelle Americas Long Life business unit (BALL), which until recently was limited in its development capacity, is thus completing its frozen industrial facility in North America, with 4 industrial facilities in the Eastern United States and 6 in Canada. In addition to the additional packaging capacity generating revenue, this acquisition will allow both industrial and logistical synergies with existing facilities and will offer enhanced quality of service for the benefit of BALL business unit customers.
This acquisition, including industrial assets, stocks of frozen products and the personnel of the Lebanon industrial site, effective February 11, 2019, will, given the seasonality of the activity, be accretive from the 2019-2020 financial year.
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