SunOpta Inc.(Nasdaq:STKL; TSX:SOY) announced it has commenced production of a new aseptically packaged organic soy milk product for a major U.S. retailer. This product will be produced as part of a previously announced global contract and is expected to add an incremental $20 million in revenue over the next three years, bringing the total contract value to $80 million over that period.
Production of this organic soy milk product involves the full services of the SunOpta vertically integrated business model from sale of soy seed to processing the bean, to manufacturing soy liquid concentrate, to aseptically packaging the final product.
Production of organic aseptic beverages at SunOpta’s aseptic packaging operations continues to grow as plant capacities are expanded with production volumes now at record levels.
About SunOpta Inc.
SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food markets. 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 SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector.
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