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.
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