SunOpta acquires Tradin Organic Agriculture
April 03, 2008
by FoodBusinessNews.net Staff
TORONTO — SunOpta, Inc. has completed the acquisition of outstanding shares of The Organic Corporation B.V., which is operating as Tradin Organic Agriculture B.V.
"We are very excited to have the Tradin team join SunOpta," said Steve Bromley, president and chief executive officer, SunOpta. "The strategic combination of SunOpta’s global organic sourcing and processing operations with Tradin’s extensive and complementary operations positions SunOpta as a global leader in the provision of organic ingredients in the world and is consistent with our strategy to become the leading global supplier of natural and organic food products."
Tradin is headquartered in Amsterdam and is a provider of globally sourced organic food ingredients with annual revenues of about $120 million. SunOpta believes Tradin’s organic food sourcing and processing experience will complement the company’s natural and organic food platform leading to further integrated sourcing and processing opportunities in turn positioning SunOpta as a dominant supplier in the organic food industry.