Sentinel-Echo.com

Homepage

April 3, 2014

Seneca Foods acquires 50 percent of Truitt Bros.

Plans to purchase remaining half of company at a later date

LAUREL COUNTY, Ky. — Marion, N.Y. — Effective April 1, Peter W. Truitt, co-owner of Truitt Bros. Inc., has sold his half of the company to Seneca Foods Corporation, North America’s leading provider of packaged fruits and vegetables, with facilities located throughout the United States.

Co-founded and operated by brothers David and Peter Truitt, Truitt Bros. is a third-generation family-owned food processor with operations in Salem, Ore. and East Bernstadt, Ky. The company provides shelf stable products for a wide variety of establishments, from restaurants and businesses to health care and retailers.

Seneca Foods has acquired Peter’s  interest and directly related holdings. Terms of the share purchase agreement are currently not being disclosed, but management of Truitt Bros. Inc. will remain unchanged. 

In addition, Seneca Foods has entered into a agreement with co-owner, David Truitt, president and CEO, and other shareholders granting them the right to acquire the remaining 50 percent ownership of Truitt Bros. Inc. at a future point in time.

 “We are very excited about our investment in Truitt Bros.  Truitt Bros. is a leader in developing shelf stable meals in trays and pouches,” stated Kraig Kayser, Seneca Foods' president and CEO.  “On behalf of the Seneca team, we look forward to working with David and the entire Truitt Bros. organization.”

“We are pleased with Seneca’s investment into Truitt Bros.," said David Truitt.  "We have known Seneca for years, and share similar backgrounds and interests in food processing.   We have high regards for their organization, and we look forward to the future with Seneca Foods being our partner.” 

Seneca holds the largest share of the retail private label, food service, and export canned vegetable markets, distributing to over 90 countries.   Products are also sold under the highly regarded brands of Libby’s, Aunt Nellie’s, READ, Seneca Farms and Seneca labels, including Seneca snack chips.  In addition, Seneca provides vegetable products under an alliance with General Mills Operations, LLC, a subsidiary of General Mills, Inc., under the Green Giant label.  

1
Text Only
Local News
Local Sports
senior.jpg

Tate Sasser tags out a Trimble County runner at second base. North Laurel rolled to a 13-0 win in five innings. North Laurel also defeated Richmond to advance to last night’s championship game. If North won that game, they would face Lewis County again tonight.

Opinion
Features
Galleries
Crime
Community Events
Must Read
Facebook
AP Video
Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kerry: No Deal Yet on 7-Day Gaza Truce Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Gaza Residents Mourn Dead Amid Airstrikes Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe Raw: Big Rig Stuck in Illinois Swamp Cumberbatch Brings 'Penguins' to Comic-Con Raw: Air Algerie Crash Site in Mali Power to Be Restored After Wash. Wildfire Crashed Air Algerie Plane Found in Mali Israel Mulls Ceasefire Amid Gaza Offensive In Case of Fire, Oxygen Masks for Pets Mobile App Gives Tour of Battle of Atlanta Sites
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Poll

Now that school is out, what are your family’s summer vacation plans?

A. No major plans. We will probably hang out around Laurel County.
B. Going to the beach!
C. Kentucky has a lot of wonderful state parks, and we plan to visit a few and enjoy quality family time.
     View Results