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TheStreet Open House

Landec's CEO Presents At Acquisition Of GreenLine Foods, Inc. Conference (Transcript)

Stocks in this article: LNDC

Landec Corporation (LNDC)

Acquisition of GreenLine Foods, Inc. Conference Call

April 23, 2012 4:00 pm ET

Executives

Gary T. Steele – President & Chief Executive Officer

Gregory S. Skinner – Chief Financial Officer & Vice President of Administration

Analysts

Tony Brenner – Roth Capital Partners

Peter Black – Winfield Capital

Michael Needleman – Preservation Asset Management

William Lauber – Sterling Capital Management

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Landec special conference call regarding the acquisition of GreenLine Foods. At this time, all lines will remain in a listen-only mode. (Operator Instructions) As a reminder, today’s conference call is being recorded.

I would now like to turn the conference call over to your host, Mr. Gary Steele, Chairman and CEO. You may go ahead.

Gary T. Steele

Good afternoon and thanks for joining us in this special conference call to discuss Landec's acquisition of GreenLine Foods. I have with me today Greg Skinner, our Chief Financial Officer and Ron Midyett, the CEO of Apio.

During today’s call, we may make forward-looking statements that involve certain risk and uncertainties that could cause actual results to differ materially. These risks are outlined in our filings with the Securities and Exchange Commission, including the Company's Form 10-K for fiscal year 2011.

This morning, we announced the acquisition of GreenLine Foods from The Riverside Company, a global private equity firm. We are very excited about the acquisition of GreenLine, as it is a very good fit with our Apio value-added fresh-cut vegetable business. We see significant operational synergies from this acquisition.

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