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Article: River Valley buys assets of Cavallaro Foods
- Article from:
- The Business Journal - Central New York
- Article date:
- September 10, 2004
- Author:
CopyrightCopyright Central New York Business Journal Sep 10, 2004. Provided by ProQuest LLC. (Hide copyright information)
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SYRACUSE - River Valley Holdings, Inc. - the parent company of River Valley Foods, a distributor of frozen foods and ice cream - has purchased the assets of Cavallaro Specialty Foods, Inc., a 130employee firm based in DeWitt.
River Valley has formed a new subsidiary, Cavallaro Foods, LLC. The new unit will continue to serve Cavallaro's customer base, says Gerard Redmond, president of River Valley Holdings.
River Valley Holdings had 155 employees before the acquisition and will post $60 million in revenue this year, Redmond estimates. The company sells food products to 2,000 customers in the Northeast, primarily in New York and Pennsylvania. Following the deal, River Valley has 285 ...