Business
SunOpta Acquires the Quest Vitamins Brand
SunOpta Acquires the Quest Vitamins Brand.
About this update from Sunopta Inc.
[{"type":"text","content":"\n\n\n\n\nTORONTO, November 9 /CNW/ - SunOpta Inc. (SunOpta or the Company)\n(NASDAQ:STKL) (TSX:SOY) today announced that it has completed the acquisition\nof the Quest Vitamins brand of vitamins, minerals and supplements including\nthe business, inventory, Vancouver warehousing operations and a two year\nmanufacturing agreement with the former owner.\n\nQuest, with current revenues of approximately $8 million, is a premium\nquality line of natural vitamins and supplements sold for the past 30 years\nthroughout Canada in both Food, Drug and Mass and health food retailers.\n\nThe acquisition will be integrated with the recently acquired operations\nof Purity Life Health Products (Purity Life) and the SunOpta Canadian Food\nDistribution Group resulting in immediate synergies arising from shared\nwarehousing, expanded sales coverage and improved service levels.\n\nDavid Chapman, President of Purity Life, a division of the SunOpta\nCanadian Food Distribution Group, described the Quest Acquisition \"as a\nperfect fit for Purity Life and SunOpta\" and confirmed his intention to\ncontinue to grow the Quest brand across all channels through innovative\nproduct development, marketing and retailer programs.\n\nAbout SunOpta Inc.\n\nSunOpta Inc. is an operator of high-growth ethical businesses, focusing\non integrated business models in the natural and organic food markets. The\nCompany has three business units: the SunOpta Food Group, which specializes in\nsourcing, processing and distribution of natural and organic food products\nintegrated from seed through packaged products; the Opta Minerals Group, a\nproducer, distributor, and recycler of environmentally friendly industrial\nmaterials; and the SunOpta BioProcess Group which engineers and markets\nproprietary steam explosion technology systems for the pulp, bio-fuel and food\nprocessing industries. Each of these business units has proprietary products\nand services that give it a solid competitive advantage in its sector.\n\nForward-Looking Statements\n\nCertain statements included in this press release may constitute\n\"forward-looking statements\" within the meaning of the United States Private\nSecurities Litigation Reform Act of 1995. These forward-looking statements\ninclude, but are not limited to references to business strategies, competitive\nstrengths, goals, capital expendit...