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India

Landec Corp (LNDC.OQ)

LNDC.OQ on NASDAQ Stock Exchange Global Select Market

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14 Dec 2018
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Tue, Dec 4 2018

Walmart supplier Landec acquires Yucatan Foods for about $80 million

NEW YORK Landec Corp , a fresh food supplier to retailers like Walmart Inc , said on Monday it has acquired guacamole company Yucatan Foods for approximately $80 million, a move that should strengthen its position in the natural foods market.

Walmart supplier Landec acquires Yucatan Foods for about $80 mln

NEW YORK, Dec 3 Landec Corp, a fresh food supplier to retailers like Walmart Inc, said on Monday it has acquired guacamole company Yucatan Foods for approximately $80 million, a move that should strengthen its position in the natural foods market. Yucatan, which processes and markets two guacamole brands Yucatan and Cabo Fresh, has annual revenue of $55 million to $60 million. The acquisition should add to Landec's earnings beginning in fiscal year 2020, the company said in a stateme

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