Seneca Foods and Allens planning to merge if they can negotiate terms of final agreement

Jul 23, 2011 | Posted by: roboblogger | Full story: 5NEWSonline.com

Seneca Foods Corp. and Allens Inc. say they plan to combine in a stock-for-stock deal if they can negotiate a final agreement.

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Since: Aug 11

Siloam Springs

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#25
Aug 25, 2011
 

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If Seneca fails to get their financing, there won't be no fork-lift driving or jet flying or nothing. It is straight to bankruptcy court. When Wal-Mart won't cash your payroll check because it's high risk that is pretty bad. This company was worth a fortune, over $300 million at one time. It has gone down hill ever since Pete left. Profit Sharing cut out, making a stupid acquisition taking on too much debt in a business that the Allen's knew nothing about. The company was worth a fortune at one time and today it is worthless! Just stupid, stupid business decisions. By the way, I did pass the 8th grade, dummy!
Tired of Rumors

Fayetteville, AR

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#26
Aug 26, 2011
 
Allen Employee wrote:
If Seneca fails to get their financing, there won't be no fork-lift driving or jet flying or nothing. It is straight to bankruptcy court. When Wal-Mart won't cash your payroll check because it's high risk that is pretty bad. This company was worth a fortune, over $300 million at one time. It has gone down hill ever since Pete left. Profit Sharing cut out, making a stupid acquisition taking on too much debt in a business that the Allen's knew nothing about. The company was worth a fortune at one time and today it is worthless! Just stupid, stupid business decisions. By the way, I did pass the 8th grade, dummy!
More speculation and rumors. We sure are spending a lot of time talking about things without evidence. What makes you think Allens is broke? Pete left 10 years ago and Allens has been fine. The company has grown and expanded. Everyone wants to badmouth the "evil corporations". That is just the degradation of our country. Everyone has an entitlement attitude. Big companies are bad. They owe us this. The government owes us that. I get tired of all of the whining and belly aching. If you job is eliminated, go find another one. That is what I will be doing.

Since: Aug 11

Siloam Springs

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#27
Aug 26, 2011
 
Tired of Rumors wrote:
<quoted text>
More speculation and rumors. We sure are spending a lot of time talking about things without evidence. What makes you think Allens is broke? Pete left 10 years ago and Allens has been fine. The company has grown and expanded. Everyone wants to badmouth the "evil corporations". That is just the degradation of our country. Everyone has an entitlement attitude. Big companies are bad. They owe us this. The government owes us that. I get tired of all of the whining and belly aching. If you job is eliminated, go find another one. That is what I will be doing.
Let's just say that I know for 100% fact that Allen's is broke except the banks put in a little more money after the paycheck episode the other day. Supposed to do until the Seneca deal goes through or at least they hope! I will be finding another job, sending out resumes now!

Since: Aug 11

Siloam Springs

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#28
Aug 26, 2011
 

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Tired of Rumors wrote:
<quoted text>
More speculation and rumors. We sure are spending a lot of time talking about things without evidence. What makes you think Allen's is broke? Pete left 10 years ago and Allen's has been fine. The company has grown and expanded. Everyone wants to badmouth the "evil corporations". That is just the degradation of our country. Everyone has an entitlement attitude. Big companies are bad. They owe us this. The government owes us that. I get tired of all of the whining and belly aching. If you job is eliminated, go find another one. That is what I will be doing.
Let me address other items you claim to be speculation and rumors. I have already told you I know that Allen's is broke. The idea to go away from direct deposit on payroll to paper checks the other day for extra float at the bank kinda backfired when Wal-Mart wouldn't cash an Allen check because it was High Risk. That was embarrassing and that was fact. The company has not done well after Pete left.
The canning business has contracted while at the same time, the Allen's made the stupid decision to take on a bunch of debt and get into the private label frozen business. Why do you think Birdseye wanted to sell the thing, to get the heck out of the private label frozen business. So the company was worth $300 million when Pete left and it's worthless today. Now how do you claim that the company has done well without Pete. More sales, yes, but losses (and even a negative EBITDA, that is even had to do) to bring us to bankruptcy court if is wasn't for the Seneca deal. I think I have more than speculation and rumor in here! I hope you find a job as well. By the way, I never blamed an evil corporation, just stupidity of management! I may have misspelled some more words and not got my english incorrect. Hope you will forgive me for that!
Tired of Rumors

Fayetteville, AR

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#29
Aug 26, 2011
 

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Allen Employee wrote:
<quoted text>Let me address other items you claim to be speculation and rumors. I have already told you I know that Allen's is broke. The idea to go away from direct deposit on payroll to paper checks the other day for extra float at the bank kinda backfired when Wal-Mart wouldn't cash an Allen check because it was High Risk. That was embarrassing and that was fact. The company has not done well after Pete left.
The canning business has contracted while at the same time, the Allen's made the stupid decision to take on a bunch of debt and get into the private label frozen business. Why do you think Birdseye wanted to sell the thing, to get the heck out of the private label frozen business. So the company was worth $300 million when Pete left and it's worthless today. Now how do you claim that the company has done well without Pete. More sales, yes, but losses (and even a negative EBITDA, that is even had to do) to bring us to bankruptcy court if is wasn't for the Seneca deal. I think I have more than speculation and rumor in here! I hope you find a job as well. By the way, I never blamed an evil corporation, just stupidity of management! I may have misspelled some more words and not got my english incorrect. Hope you will forgive me for that!
There you go again. "I know they are broke". How do you know? What if I told you that I am in a position to see financials and everything is OK? You see, we can both sit here and say "we know". I just know that guys like you who sit around and troll on the internet looking for something to complain about and make up negative news to scare current employees lead a sad and pathetic life. Grow up and go find somewhere else to spread your lies. Seneca will come in and business will continue as usual. There will be some adjustment, but for the most part everything will be the same.

Since: Aug 11

Siloam Springs

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#30
Aug 26, 2011
 
Tired of Rumors wrote:
<quoted text>
There you go again. "I know they are broke". How do you know? What if I told you that I am in a position to see financials and everything is OK? You see, we can both sit here and say "we know". I just know that guys like you who sit around and troll on the internet looking for something to complain about and make up negative news to scare current employees lead a sad and pathetic life. Grow up and go find somewhere else to spread your lies. Seneca will come in and business will continue as usual. There will be some adjustment, but for the most part everything will be the same.
Well now you wanted specifics and I gave you specifics. I don't see any from you!

Since: Aug 11

Siloam Springs

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#31
Aug 26, 2011
 
Want to tell me that Wal-Mart refused to cash Allen's payroll checks a couple of weeks ago because they were High Risk. Man everyone in the office knows that!

Since: Aug 11

Siloam Springs

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#32
Aug 26, 2011
 
Do you want to tell me that Wal-Mart refused to cash Allen's payroll checks a couple of weeks ago because they were "High Risk"? Man everyone in the office and out of the office knows that. If you deny that everyone will know you are lying!
Jumping Ship Soon

Argyle, TX

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#33
Aug 26, 2011
 
Seems there are more issues in the works other than selling to Seneca. Including current arbitration against this firm, http://www.jacobslewisbernstein.com/ . Interesting reading.
Jake Naramore

Spring Branch, TX

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#34
Aug 26, 2011
 
"Allen Canning Employee",

Are you familiar with Slander, defamation and libel? You should probably educate yourself before you continue to post such accusations. I would also recommend you find a very, very good attorney because you will probably need one.

Apparently you also do not realize that every time you make a post in topix that your IP address is recorded which can be tied back to you?

"....Please be aware, however, that we will release specific personal information about you if required to do so in order to comply with any valid legal process such as a search warrant, subpoena, statute, or court order. Further, Topix reserves the right to cooperate with legitimate law enforcement requests for information at its sole discretion."
( http://www.topix.com/topix/terms_details/#pri... )

If you are going to make such accusations, why can't you be man enough to use your real name? It is pretty pathetic that you hide behind an anonymous name. If you want to be viewed as credible, you should provide your name.

You are clearly not an Allens employee. Just for the record, the company's name is Allens, Inc. Also, there is no apostrophe in Allens. You would know that if you STILL worked for the company.

As an employee for 12 years, I have COUNTLESS stories of Rick, Josh and Nick and their generosity and care for their employees and the communities in which they operate.

Lastly, it is time to move on to something more productive. Tearing people down with lies is pitiful and does nothing for anyone. If your comments aren't going to be positive don't post them.

Since: Aug 11

Siloam Springs

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#35
Aug 27, 2011
 

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Jake,

I seriouly doubt there will be any lawsuits. I don't think the Allen family wants the financial statements subpoenaed and made public record. If the financials come in to court I will prove every statement I have made is true and countersuit for $. I don't think that Rick, Nick or Josh want that embarrassment.
Tired of Rumors

Fayetteville, AR

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#36
Aug 30, 2011
 
Allen Employee wrote:
Jake,
I seriouly doubt there will be any lawsuits. I don't think the Allen family wants the financial statements subpoenaed and made public record. If the financials come in to court I will prove every statement I have made is true and countersuit for $. I don't think that Rick, Nick or Josh want that embarrassment.
While I agree there will be no lawsuit, I disagree with you on the reason. The Allens are not afraid you are going to bring some skeletons out of the closet, but instead they have a better use of their time and resources that fool with some guy who has a beef with them and is expressing it on an internet forum. It is obvious that you get your information at the barber shop or perhaps the local coffee shop. These rumors combined with a few key business words you looked up on Wikipedia and you think you sound like a professional. It is obvious that you don't know anything about business. Give it up and go find somewhere else to troll and try and stir up trouble.

Since: Aug 11

Siloam Springs

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#37
Aug 30, 2011
 
Tired of Rumors wrote:
<quoted text>
While I agree there will be no lawsuit, I disagree with you on the reason. The Allens are not afraid you are going to bring some skeletons out of the closet, but instead they have a better use of their time and resources that fool with some guy who has a beef with them and is expressing it on an internet forum. It is obvious that you get your information at the barber shop or perhaps the local coffee shop. These rumors combined with a few key business words you looked up on Wikipedia and you think you sound like a professional. It is obvious that you don't know anything about business. Give it up and go find somewhere else to troll and try and stir up trouble.
Yep, us boys now at the barbershop are pretty savy. I think your problem is that when you see a negative EBITDA of ($40,000,000) which means cash flow by the way, that you failed to see the the curved things around the number. That means that is a negative number and not a positive number. I think that is the problem right there.
employee of the year

Ozark, AR

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#38
Sep 1, 2011
 
Is today when Senneca takes over and fires all manegement people?
Under payed

Springdale, AR

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#39
Sep 2, 2011
 
Well all this fussing and all for not the whole thing fell threw and that show you are both full of it now I wonder what happens now
observer

Pownal, VT

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#40
Sep 3, 2011
 
I watch the so called Mexicans, which at our allens facility are Puerto Rica AND American Citizens, work their as*es of every day. No matter if the weather is extremely hot, cold or raining they are out there doing their jobs every day. To blame them for the short comings of upper management shows absolute ignorance.
Under payed

United States

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#41
Sep 7, 2011
 
And now the lay off start at the top and roll down hill hope they don't get you
Family and Friends

Little Rock, AR

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#42
Sep 7, 2011
 

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Question: Who was more paranoid? Hitler, Stalin, or Rick Allen when he screws over more life-long employees?

Question: Who is a bigger crook in terms of taking money that they didn't earn? Bernard Madoff or Josh & Nick Allen?

Question: Who has screwed more people, including friends and family? Larry Flynt (Hustler magazine) or Rick Allen?
I am not saying anything, I'm just asking....so to speak.

I do feel sorry about some of this....I left the door open at the offices in case Satan comes to collect Rick's soul. Poor Satan...he is going to show up and leave empty handed.

On a serious note from a member or the friends and family who have not been involved in the company for many many years, I want to apologize to all of our lifelong friends who have been screwed over. You deserved better than what you are getting right now.

Rick, Josh, and Nick dishonor the legacy that was Allen Canning Company. Earl & Delbert are probably spinning in their graves looking at this red hot mess. There will be a special place in hell (if Satan decides to have you) for what Rick, Josh, & Nick have done.
nobody

North Richland Hills, TX

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#43
Sep 7, 2011
 
Shame on you. I will pray for you. Maybe you need to be reminded what the bible says about judging others:
Matthew 7:1-5
Don’t condemn others, and God won’t condemn you. God will be as hard on you as you are on others! He will treat you exactly as you treat them. You can see the speck in your friend’s eye, but you don’t notice the log in your own eye. How can you say,“My friend, let me take the speck out of your eye,” when you don’t see the log in your own eye? You’re nothing but show-offs! First, take the log out of your own eye. Then you can see how to take the speck out of your friend’s eye.(Matthew 7:1-5 CEV)
Family and Friends wrote:
Question: Who was more paranoid? Hitler, Stalin, or Rick Allen when he screws over more life-long employees?

Question: Who is a bigger crook in terms of taking money that they didn't earn? Bernard Madoff or Josh & Nick Allen?

Question: Who has screwed more people, including friends and family? Larry Flynt (Hustler magazine) or Rick Allen?
I am not saying anything, I'm just asking....so to speak.

I do feel sorry about some of this....I left the door open at the offices in case Satan comes to collect Rick's soul. Poor Satan...he is going to show up and leave empty handed.

On a serious note from a member or the friends and family who have not been involved in the company for many many years, I want to apologize to all of our lifelong friends who have been screwed over. You deserved better than what you are getting right now.

Rick, Josh, and Nick dishonor the legacy that was Allen Canning Company. Earl & Delbert are probably spinning in their graves looking at this red hot mess. There will be a special place in hell (if Satan decides to have you) for what Rick, Josh, & Nick have done.
Family and Friends

Little Rock, AR

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#44
Sep 7, 2011
 
Sorry, don't usually go around quoting the Bible. But I do know this....something about Do Unto Others as you would have them Do Unto You. Square that with what Rick has done!

When he decides he needs to have employees I have known my entire life escorted out of the offices under armed guard, something is clearly wrong.

I still maintain that he has dishonored the legacy that Earl, Delbert, and Pete built, and done so in the worst possible ways. A more honorable man would admit his mistakes and step out of the way, praying that someone else could undo his mistakes.

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