Nutrition Capital Network


Nutrition Capital Network news: SunOpta completes divestiture

Nutrition Capital Network facilitates financing and asset sales for growing companies and introduces investors to the next generation of successful brands & technology in the nutrition and health & wellness industries. Below is news from June.

SunOpta Inc. (Toronto, Canada) has completed the divestiture of its Canadian natural health products distribution business, Purity Life Natural Health Products, to an affiliate of Banyan Capital Partners for $14.7 million. Purity Life has annual revenues of approximately $60 million. “This transaction further simplifies and focuses SunOpta on our core integrated natural and organic foods sourcing and processing model,” said Steve Bromley, SunOpta’s president and CEO.

For the year ended December 31, 2011 SunOpta reported revenues of $1.08 billion, up 20.5% for the year; revenues increased 11.6% excluding acquisitions. The results reflected “continued growth in the core natural and organic foods categories within which we operate,” Bromley said. The publicly traded company also divested frozen fruit assets last year but acquired Lorton’s Fresh Squeezed Juices with revenues of approximately $10 million.

Disclaimer: NCN does not warrant the accuracy, reliability, or timeliness of any NCN news item. Before relying on any NCN News item the information should be independently verified.

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