Seneca Foods Corporation (‘Seneca’) provides packaged fruits and vegetables.
The company has 26 main facilities located throughout the United States. The facilities consist of plants for packaging, can manufacturing, seed production, a farming operation, and a logistical support network. Food packaging operations are primarily supported by plant locations in New York, Michigan, Oregon, Wisconsin, Washington, Idaho, Illinois, and Minnesota. The company also maintains warehouses, which are genera...
Seneca Foods Corporation (‘Seneca’) provides packaged fruits and vegetables.
The company has 26 main facilities located throughout the United States. The facilities consist of plants for packaging, can manufacturing, seed production, a farming operation, and a logistical support network. Food packaging operations are primarily supported by plant locations in New York, Michigan, Oregon, Wisconsin, Washington, Idaho, Illinois, and Minnesota. The company also maintains warehouses, which are generally located adjacent to its packaging plants.
The company’s business strategies are designed to grow its market share and enhance sales and margins. These strategies include: expanding the company’s leadership in the packaged fruit and vegetable industry; providing low-cost, high-quality fruit and vegetable products to consumers through the elimination of costs from the company’s supply chain, and investment in state-of-the-art production and logistical technology; focusing on growth opportunities to capitalize on higher expected returns; and pursuing strategic acquisitions that leverage the company’s core competencies.
Segments
The company manages its business almost entirely on the basis of two reportable food packaging segments: Vegetable and Fruit/Snack. The Other category comprises non-food operations, including revenue derived from the sale of cans, ends, seed, and outside revenue from the company's aircraft operations, and certain corporate items. The company’s food operations constituted 98% of total net sales in fiscal year 2025. Canned vegetables represented 83%, frozen vegetables represented 8%, fruit products represented 6%, and snack products represented 1% of the total food packaging net sales. Non-food packaging sales represented 2% of the company's fiscal year 2025 net sales.
Principal Products and Markets
The company’s principal product offerings include canned, frozen, and jarred produce, and snack chips. The company manufactures and sells the following: private label products to retailers, such as supermarkets, mass merchandisers, and specialty retailers, for resale under the retailers’ own or controlled labels; private label and branded products to the foodservice industry, including foodservice distributors and national restaurant operators; branded products under national and regional brands that the company owns or licenses, including Seneca, Libby’s, Green Giant, Aunt Nellie’s, CherryMan, Green Valley, and READ; branded products under co-pack agreements to other major branded companies for their distribution; and products to the company’s industrial customer base for repackaging in portion control packages, and for use as ingredients by other food manufacturers.
The company’s fruits and vegetables are sold nationwide by major grocery outlets, including supermarkets, mass merchandisers, limited assortment stores, club stores, and dollar stores. The company also sells its products to foodservice distributors, restaurant chains, industrial markets, other food processors, export customers in approximately 55 countries, and federal, state, and local governments for school and other food programs. Additionally, the company packs canned and frozen vegetables under contract packing agreements.
Intellectual Property
The company has a license agreement with B&G Foods, Inc., for the use of the Green Giant brand name to manufacture, market, distribute, and sell shelf-stable vegetable products within the United States and its territories, and certain Caribbean islands in perpetuity. The license is royalty-free and does not include Green Giant frozen, Green Giant Canada, or the Le Sueur brand.
The company holds the Libby's brand name pursuant to a trademark license. The license is limited to vegetables that are shelf-stable, frozen, and thermally packaged, and includes the company's major vegetable varieties – sweet corn, peas, and green beans – as well as certain other thermally packaged vegetable varieties and sauerkraut. The license is renewable by the company every 10 years for an aggregate period expiring in March 2081.
The company also sells canned vegetables, frozen vegetables, jarred fruit, and other food products under several other brands for which the company has obtained registered trademarks, including Aunt Nellie’s, CherryMan, Green Valley, READ, Seneca, and other regional brands.
Seasonality
Minimal food packaging occurs in the company's last fiscal quarter ending March 31, which is the optimal time for maintenance, repairs, and equipment changes in its packaging plants. The supply of commodities, current pricing, and expected new crop quantity and quality affect the timing and amount of the company’s sales and earnings. When the seasonal harvesting periods of the company's major vegetables are newly completed, inventories for these packaged vegetables are at their highest levels. For peas, the peak inventory time is mid-summer, and for sweet corn and green beans, the company's highest volume vegetables, the peak inventory is in mid-autumn. The seasonal nature of the company’s production cycle results in inventory and accounts payable typically reaching their lowest point in mid-to-late first quarter prior to the new seasonal pack commencing. As the seasonal pack progresses, these components of working capital both increase until the pack is complete.
The company’s fruit and vegetable sales exhibit seasonal increases in the third fiscal quarter due to increased retail demand during the holiday season. In addition, the company sells canned and frozen vegetables to a co-pack customer on a bill and hold basis during the pack cycle, which typically occurs in the second and third quarters. Given the seasonal nature of the company's sales, the accounts receivable balance typically reaches its highest point at the end of the second fiscal quarter (year ended March 31, 2025).
Government Regulation
The company is subject to extensive regulations in the United States by federal, state, and local government authorities. In the United States, the federal agencies governing the manufacture, marketing, and distribution of the company’s products include, among others, the Federal Trade Commission (‘FTC’), the United States Food & Drug Administration (‘FDA’), the United States Department of Agriculture (‘USDA’), the United States Environmental Protection Agency (‘EPA’), and the Occupational Safety and Health Administration (‘OSHA’). Under various statutes, these agencies prescribe and establish, among other things, the requirements and standards for quality, safety, and representation of the company’s products to the consumer in labeling and advertising.
History
Seneca Foods Corporation was founded in 1949. The company was incorporated in New York in 1949.