SunOpta completes acquisitions of Del Rio and Global
May 15, 2007
by FoodBusinessNews.net Staff
TORONTO — SunOpta Inc. has completed its acquisition of the net operating assets of Congeladora del Rio and all outstanding shares of Global Trading Inc.
The operations of the two acquired companies have annual revenues of around $11 million. Del Rio operates a fruit processing facility in Irapuato, Mexico, and Global is a U.S. company that markets Del Rio products.
SunOpta anticipates expanding Del Rio’s capacity and operations in the short term. The company bought all net operating assets, including working capital, equipment, land and buildings, in Irapuato.
"The acquisition of Del Rio and Global, in hand with our recent expansion announcements in Chile, Argentina and Mexico, reflect the execution of our global sourcing and supply strategy," said Steve Bromley, president and chief executive officer of SunOpta Inc. "We are extremely pleased with the strategic expansion of our international sourcing and processing capabilities."
The financial terms of the acquisitions were not released.