M&A Deal Summary

Seneca Foods Acquires Paradise - Fruit Business

On April 16, 2019, Seneca Foods acquired food company Paradise - Fruit Business from Paradise

Acquisition Highlights
  • This is Seneca Foods’ 4th transaction in the Food sector.
  • This is Seneca Foods’ 7th transaction in the United States.
  • This is Seneca Foods’ 1st transaction in Florida.

M&A Deal Summary

Date 2019-04-16
Target Paradise - Fruit Business
Sector Food
Buyer(s) Seneca Foods
Sellers(s) Paradise
Deal Type Divestiture

Target

Paradise - Fruit Business

Plant City, Florida, United States
Paradise, Inc. - Fruit Business engages in the production, manufacture, sale, and distribution of glacé fruit product.

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Buyer(S) 1

Buyer

Seneca Foods

Fairport, New York, United States

Category Company
Founded 1949
Sector Food
Employees2,800
Revenue 1.5B USD (2024)
DESCRIPTION

Seneca Foods is a provider of packaged fruits and vegetables. Seneca Foods was founded in 1949 and is based in Fairport, New York.


DEAL STATS #
Overall 7 of 7
Sector: Food M&A 4 of 4
Type: Divestiture M&A Deals 2 of 2
State: Florida M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-22 Seneca Foods - frozen plant

Lebanon, Pennsylvania, United States

Seneca Foods Corp. - frozen plant provides packaging services for frozen products. It has a capacity of 45,000 tons on 7 packaging lines in perfect working order, with large storage capacity, and has 140 permanent collaborators.

Sell -

Seller(S) 1

SELLER

Paradise

Plant City, Florida, United States

Category Company
Sector Food
DESCRIPTION

Paradise, Inc. engages in producing, packing and distributing candied fruit to manufacturing bakers, institutions and retailers for use in home baking, as well as in the production of plastic containers for its own products and molded plastics for sale to unaffiliated customers.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1