SunOpta, a multi-national food and drinks company, has announced it has completed a $26 million expansion at its Modesto, California facility to increase annual production of oat milk by more than 60%. The company stated that its Modesto oat extraction production line was launched in May, employing proprietary enzymatic processes to break down whole oats into a liquid base to produce oat milk, plant-based yogurt and ice cream. SunOpta offers …
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SunOpta has announced the acquisition of plant-based beverages brands Dream and WestSoy from Haim Celestial for $33 million. The acquisition will allow SunOpta, a leading manufacturer of organic, natural, and non-GMO plant-based and fruit-based food and beverage products, to accelerate growth in the dairy alternative sector. “This transaction is very consistent with our previously stated objective of pursuing strong organic and inorganic growth in our plant-based business,” said Joe Ennen, …
SunOpta, a Canadian company focused on organic, GM-free and speciality foods, has announced that it is exiting the nutritional snack bar business with the cessation of operations at its facility in Carson City, NV, USA. Nutrition bars accounted for $13 million of SunOpta’s revenue in fiscal 2016, and $11 million of revenue during the first half of 2017, the company said, noting that the discontinuation of the bar product lines was expected …
Toronto-based company SunOpta has purchased Niagara Natural, which grows and manufactures non-GMO and organic fruit snacks, for approximately $6.7 million. The based in Ontario company, Niagara Natural, has around 35 employees and is expected to generate approximately CAD 10 million (USD 7.7 million) in revenue in 2015. With the acquisition SunOpta is extending its business in fruit snacks and will have manufacturing operation in both the East and West of …
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