Judge OKs Seneca Foods' $148M Bid For Bankrupt Allens

Law360, New York (January 8, 2014, 3:17 PM EST) -- An Arkansas bankruptcy judge greenlighted Seneca Foods Corp.’s $148 million stalking horse bid Tuesday to nab the operating assets of frozen vegetable manufacturer Allens Inc., setting the stage for the New York-based food processor and distributor to ramp up its canned vegetable production.

Allens filed for Chapter 11 bankruptcy in late October, and at the time said it would explore "strategic alternatives," including the partial or total sale of its operating business or complete reorganization of the company. The company said that it had entered the...
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