Hanover Foods Corporation, incorporated in December 1924, provides seasonal packing of locally grown peas, beans and other vegetables. The Company is an independent processor of canned vegetables, frozen vegetables, frozen meat products, frozen entrees, frozen soft pretzels, canned and frozen mushrooms, fresh foods and snack food products in the eastern United States. The raw materials are readily available and are not dependent on a single supplier or a few suppliers. Hanover is a vertically integrated processor of food products in one industry segment. It is involved in the growing, processing, canning, freezing, freeze-drying, packaging, marketing and distribution of its products under its own trademarks, as well as other branded, customer and private labels.
Hanover has seven wholly owned subsidiaries: Tri-Co. Foods Corp., Spring Glen Fresh Foods, Inc., Consumers Packing Company, Hanover Insurance Company, Ltd., Nittany Corporation, Bickel's Snack Foods, Inc. and Aunt Kitty's Foods, Inc. Tri-Co. Foods Corp. has two wholly owned subsidiaries. Mayapac, S.A. procures, processes and ships vegetables and fruit produced in Guatemala. It contracts with approximately 2,000 independent farmers in Guatemala for the growing and harvesting of broccoli, cauliflower, okra, brussels sprouts, melons, cantaloupe and papaya. The raw vegetable products purchased by the Company are frozen at one of two plants located in San Jose Pinula, Guatemala, and Teculutan, Guatemala. Sunwise Corporation, Tri-Co. Food Corp.'s second subsidiary, imports and distributes the Guatemalan products to the Company. It has operations at 11 plants in Pennsylvania, one plant in Maryland, one plant in Delaware, one plant in New Jersey and two plants in Guatemala.
The Company markets its products under the brand names Hanover, Hanover Farms, Myers, Phillips, Gibbs, Superfine, Maryland, Chief, Mitchell's, Dutch Farms, Sunwise, O&C (jarred onions only), Spring Glen Fresh Foods, Sunnyside Foods, Nottingham, Bickel's, Bon Ton, York Snacks, Cabana, Draper King Cole, Venice Maid, Aunt Kitty's and Harvest Choice. The products sold by the Company under these brand names include canned vegetables, beans and pasta, as well as frozen vegetables, frozen meat products, food entrees, refrigerated and fresh foods, canned and frozen mushrooms and potato chips.
Hanover's products are marketed under its brand labels and customer private labels to the consumer for home use and also to the foodservice trade, which includes restaurants, fast food chains, hospitals and schools, as well as military and other governmental uses. Its 10 largest customers accounted for approximately 36% of its net sales for the fiscal year ended May 30, 2004 (fiscal 2004), and 38% of accounts receivables in fiscal 2004. The Company's products are distributed directly to its customers and indirectly via independent distributors. Hanover also manufactures private-label food products for other food companies. Hanover's markets its food products to the retail and foodservice sectors in the Northeastern, Mid-Atlantic, Southeastern and Midwestern areas of the United States.
Hanover Foods Corp
PO Box 334
HANOVER PA 17331