Allens Inc. sells vegetable processing plants to French firm
SILOAM SPRINGS, Ark. — Allens Inc., a food-processing company based in Arkansas, has sold four of its six frozen vegetable processing plants to Bonduelle Group, a privately-held firm based in France, The Batavian reported.
Allens is reportedly using the funds generated by the sale to invest in new technology and expand its canned-food operations in Arkansas, Wisconsin and North Carolina.
"We''re excited to put a renewed focus on the core of our business and the market segments we are most passionate about," said Rick Allen, president and CEO of Allens. "With this renewed concentration, we anticipate greater growth, more innovation and even better customer service and product quality. We''re excited about what this will mean to the marketplace and to our customers and partners, overall."