Foxy Foods, Taylor Fresh Foods Merge

April 5, 2007

Foxy Foods, LLC and Taylor Fresh Foods, Inc. announced April 5 that they have agreed to merge Foxy Foods fresh produce processing operations into Taylor Fresh Foods. The merger will add Foxy Foods’ strong team of people, its fresh-cut vegetable product line and its customer partners in the retail and club store markets to Taylor’s North American salad and fresh-cut vegetable processing network.

After the transaction is completed, the Foxy Foods team will continue to operate out of its Gonzales, Calif., facility and continue to be led by Nicholas DaCosta. They will continue to focus on introducing innovative new products that attract new customers to the fresh-cut vegetable category. Foxy Foods owners, Nunes Vegetables, Inc. and some of its growers, will become Taylor shareholders. Nunes Vegetables, Inc. will continue as an independent operation growing Foxy Brand commodity vegetables for the Nunes Company, Inc.

“The combination is exciting for the benefits we can bring to all our customers. Foxy Foods has developed proprietary fresh cut vegetable packaging, innovative new products and key relationships in the retail marketplace. Foxy can utilize our regional plant network to enhance product freshness and offer next day service, ” said Bruce Taylor, chairman and CEO of Taylor Fresh Foods. “Our companies have similar values, and a strong sense of community. We both have a long history of farming in the Salinas Valley, and we are both committed to offering safe, wholesome and innovative products to our consumers.”

“We are excited about joining with Taylor Fresh Foods and Taylor Farms. We have great respect for their leadership in vegetable processing, particularly in foodservice and retail deli segments, and believe that our operations complement each other,” said Tom Nunes, president of Foxy Foods. “We believe that the combination is good for the Salinas Valley, and that it will allow us both to be well-placed to grow, and face the future challenges in this industry.”

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