Business
SunOpta Inc. Acquires Operating Assets of ProSoya Corporation Located in Heuvelton, New York
SunOpta Inc. Acquires Operating Assets of ProSoya Corporation Located in Heuvelton, New York.
About this update from Sunopta Inc.
[{"type":"text","content":"\n\n\n\nTORONTO, August 7 /CNW/ - SunOpta Inc. (Nasdaq:STKL) (TSX:SOY) today\nannounced that it has acquired the operating assets of a soymilk manufacturing\nfacility located in Heuvelton, New York from ProSoya Corporation. The assets\nacquired included all buildings, machinery and equipment and were purchased\nwith cash.\n\n\nThe addition of the Heuvelton, New York facility strategically expands\nSunOpta's soy manufacturing to the east coast of the United States and will\nsignificantly enhance the Company's ability to effectively serve its growing\ncustomer base in the Northeastern United States and Eastern Canadian markets.\nSunOpta will immediately upgrade manufacturing capabilities to improve\nprocessing efficiencies and product quality.\n\n\nAllan Routh, President of the SunOpta Grains and Foods Group commented,\n"The addition of a soymilk manufacturing facility located in the north east of\nthe United States expands our ability to serve our growing customer base in\nEastern North America. This geographic expansion of soy manufacturing is\nanother strategic step to ensure that we will maintain adequate supply\ncapabilities, positioned to meet the increasing demands of our soy customers\nand enable continued growth of their businesses."\n\n\nSteve Bromley, President and CEO of SunOpta commented, "The addition of\nthe Heuvelton, New York facility compliments our strategy to be the leader in\nNorth America in the supply of organic soy based raw materials through\nintegrated ingredients and finished packaged products. We expect to continue\nto expand our soy processing capabilities in order to meet this objective."\n\n\nAbout SunOpta Inc.\n\n\nSunOpta Inc. is an operator of high-growth ethical businesses, focusing\non integrated business models in the natural and organic food, supplements and\nhealth and beauty markets. The Company has three business units: the SunOpta\nFood Group, which specializes in sourcing, processing and distribution of\nnatural and organic food products integrated from seed through packaged\nproducts; Opta Minerals Inc. (TSX:OPM) (70.4% owned by SunOpta), a producer,\ndistributor, and recycler of environmentally friendly industrial materials;\nand SunOpta BioProcess Inc. (80% owned by SunOpta), which engineers and\nmarkets proprietary steam explosion technology systems for the pulp, b...