SunOpta Inc. (NasdaqGS:STKL Toronto:SOY.TO) has announced that it will acquire Amsterdam-based The Organic Corporation B.V., operating as Tradin Organic Agriculture B.V.
Tradin was founded in 1985 and provides globally sourced organic food ingredients. According to a release, the company has annual revenues of approximately EUR 85 million, and is positioned as a “one-stop shop” for organic ingredients.
Tradin operates a number of wholly owned and partially owned companies based in the Netherlands, China, Serbia and Ethiopia. In addition, the Company maintains sales and sourcing operations in the United States, Germany, Austria, France and Thailand, which source and procure key organic ingredients from areas around the globe.
Steve Bromley, President and CEO of SunOpta said, “We are most pleased to have reached an agreement to acquire the outstanding shares of The Organic Corporation (Tradin). The management of Tradin share SunOpta’s strong values and commitment to the development of sustainable organic foods ingredients to meet growing demand around the world. The 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.”
About SunOpta Inc.
SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty 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 Inc. (Toronto:OPM.TO – News) (66.3% owned by SunOpta), a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Inc. 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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