Seneca Foods buys Green Giant frozen business for $63.2M and secures $100M co-manufacturing deal
Seneca Foods acquired Green Giant’s US frozen-vegetable business from B&G Foods for $63.2 million and locked in a co-manufacturing deal projected to generate around $100 million in annual revenue. The deal expands Seneca’s frozen portfolio, enhances production synergies, and aims to drive higher margins in fiscal 2026.
1. Acquisition of Green Giant Frozen Assets
Seneca Foods agreed to purchase B&G Foods’ US Green Giant frozen-vegetable business for $63.2 million, finalizing the largest component of B&G’s portfolio divestitures on March 3, 2026.
2. Co-manufacturing Arrangement
Concurrent with the acquisition, Seneca secured a co-manufacturing contract valued at approximately $100 million per year to continue producing Green Giant frozen products, ensuring a steady revenue stream.
3. Strategic Portfolio Expansion
This transaction bolsters Seneca Foods’ frozen vegetable lineup, diversifies its customer base and leverages production synergies to improve plant utilization and operational efficiency.
4. Financial Outlook and Integration
Seneca expects the acquired assets and co-manufacturing revenues to contribute significantly to its top line, with integration efforts focused on streamlining operations and realizing cost savings in fiscal 2026.