Seneca Foods Gobbles Up Diana Fruit Co.
Seneca is a public company based in Marion, New York. Diana Fruit, one of the leading providers of maraschino cherries and fruit cocktail cherries, is based in Santa Clara, California.
“Diana has a 90 year history of providing high quality cherry products to their customers. We are pleased about this acquisition and the extension of product offerings it brings to our company. Diana will be a very complimentary fit withour recent acquisition of Gray & Company,” stated Kraig Kayser, Seneca Foods’ President and CEO, in a prepared statement.
John T. Stout, Jr., Diana’s Chairman of Board, stated: “After twenty-five years of ownership we are excited about thefuture of Diana Fruit Company in combination with Seneca’s leadership, ownership and recent acquisition of Gray &Company. This transaction offers the best opportunity for our customers, growers, and shareholders, while also allowing our senior leaders to grow the business with a larger organization in a similar culture.”
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