SunOpta expands relations in Argentina and Chile
March 27, 2007
by FoodBusinessNews.net Staff
TORONTO — SunOpta Fruit Group has expanded its supplier relations in Argentina and Chile to increase the company’s supply of natural and organic strawberries, raspberries, blueberries, apple and pear purees and fruit and vegetable concentrates.
Specifically, the company has entered a five-year supply agreement with Baby’s Best Infant Food Ingredients, an Argentina-based company that produces organic and natural purees and concentrates. SunOpta will provide a credit line to help Baby’s Best acquire a 45,000-square-foot production facility in Mendoza to ensure a supply chain.
The company also established a three-year exclusive organic supply agreement with a processor of organic and natural frozen fruits based in Chile. SunOpta will finance a capital extension to encourage growth in organic supply.
"We have had an excellent relationship with these companies over the past number of years and are delighted to expand these relationships to ensure our customers of a high quality, reliable and growing source of key organic products," said Steve Bromley, president and chief executive officer. "These transactions reflect our strategy of extending our international sourcing capabilities for products that are in short supply globally."