Seneca Foods Corp B (SENEB)

Description:

Seneca Foods Corporation is an independent food processing company. The company's principal products include canned fruits and vegetables, frozen vegetables and other food products. The products are sold nationwide by major grocery outlets, including supermarkets, mass merchandisers, limited assortment stores, club stores and dollar stores. Additionally, products are sold to food service distributors, industrial markets, other food processors, export customers in 75 countries and federal, state and local governments for school and other feeding programs. Food processing operations are mainly supported by plant locations in New York, California, Wisconsin, Washington, Idaho, Illinois, and Minnesota. The Company maintains a number one share in the private label, food service and export canned vegetable markets and a number three position in the branded canned vegetable market. In addition, the Company is the supplier of frozen vegetable products, principally to GMOL and the food service industry, and fruit and snack chip products, principally serving retail markets and other food processors. Competition in the food business is substantial with brand recognition and promotion, quality, service, and pricing being the major determinants in the Company's relative market position. The Company has cooperated with federal, state, and local environmental protection authorities in developing and maintaining suitable antipollution facilities.