SILOAM SPRINGS (KFSM) – San Francisco company Del Monte Foods, Inc. announced the purchase of the Sager Creek Vegetable Company on Wednesday (March 11), according to a news release.
Sager Creek is headquartered in Siloam Springs and was formerly called Allens, Inc. The company produces specialty vegetables and generates an annual revenue of approximately $250 million, the release states.
The cash price for the purchase was $75 million, according to Del Monte.
“Sager Creek acquired the business of Allens, Inc. in a bankruptcy proceeding in 2014. Allens, Inc. was founded in 1926 and owned and operated by multiple generations of the Allen family,” the release states.
Chris Kiser, chief executive of Sager Creek said, “On behalf of our associates, we are honored and proud to become a part of the Del Monte family.
