trending Market Intelligence /marketintelligence/en/news-insights/trending/GpdkgJq4kr0ogGNWXfi06w2 content esgSubNav
In This List

Seneca Foods completes purchase of Paradise fruit unit

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Understanding Loss Given Default A Review of Three Approaches


Seneca Foods completes purchase of Paradise fruit unit

Packaged-foods maker Seneca Foods Corp. said July 31 that it has completed its acquisition of Paradise Inc.'s fruit business.

Financial details of the transaction were not disclosed.

Paradise is mainly focused on selling candied fruit for baking purposes, but it also manufactures plastic containers for its own retail products, as well as thermoformed and molded plastics for sale to unaffiliated customers.

"We are very excited about this acquisition and the extension of product offerings it brings to our company," Seneca Foods President and CEO Kraig Kayser said in a statement.

"This business segment will be a complementary fit within our maraschino business at our wholly own subsidiary Gray & Co."