USA: Refresco to acquire SunOpta in $1.1 billion deal

Refresco, the Netherlands-based beverage solutions giant, has entered into a definitive agreement to acquire SunOpta, the North American plant-based food and drink specialist, in an all-cash transaction valued at approximately $1.1 billion.

Under the terms of the agreement, Refresco will pay $6.50 per share for the Eden Prairie (MN) headquartered firm, which represents a significant premium over its recent trading price. SunOpta provides supply chain solutions and innovation for major brands, retailers, and foodservice providers, with a portfolio spanning plant-based beverages, broths and better-for-you snacks.

Commenting on the acquisition, Refresco CEO Steve Presley said: “SunOpta represents an exceptional strategic addition to our portfolio and is consistent with our proven growth strategy to expand our capabilities into adjacent beverage categories. The acquisition of SunOpta is highly complementary and significantly broadens our position in the fast-growing plant-based beverages category”.

SunOpta CEO Brian Kocher added: “This strategic combination validates our vision of transforming SunOpta into a premier solutions partner in the high-growth better-for-you food and beverage space. This partnership with Refresco provides the resources and scale to unlock SunOpta’s full potential”.

The move follows Refresco’s 2025 acquisition of Norwegian beverage manufacturer Telemark Kildevann. The SunOpta deal, which has been unanimously approved by the boards of both companies, is expected to close in the second quarter of 2026.

Source: Refresco (via GlobeNewswire) / SunOpta / Star Tribune / Food Business News