SunOpta Inc. (NASDAQ:STKL; TSX:SOY) has signed a three year exclusive contract to supply aseptic packaged organic soymilk for a major global retailer.
This contract will initially generate approximately $20 million in annual revenue with production expected to commence in mid December.
Allan Routh, President of the SunOpta Grains and Foods Group, said, “SunOpta’s vertically integrated soymilk model is integrated from soy bean sourcing through to packaged products, ensuring SunOpta’s control of quality and organic certification and providing direct traceability from the farm gate to the retail shelf. In order to fulfill this contract, soy beans will be sourced and initially processed at SunOpta’s facilities in Hope, Minnesota and Moorhead, Minnesota. The processed soy beans will then be delivered to SunOpta’s ingredient plants in Alexandria, Minnesota and Afton, Wyoming to be converted into liquid concentrated soy base. The concentrated soy base will then be transported to SunOpta’s aseptic packaging facility in Alexandria, Minnesota for blending, packaging and subsequent delivery.”
SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food markets. For the last seven consecutive years, SunOpta was included in Profit magazine’s ‘Profit 100’ list of the 100 fastest growing companies in Canada. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the StakeTech Steam Explosion Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries.
Loading...