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April 8, 2014
17:02 EDTSTKLSunOpta to add third aseptic processor at Modesto, CA facility
SunOpta announced further expansion to its aseptic processing and packaging operations in Modesto, California. In order to continue to meet committed customer demand and enable new growth opportunities, the company will add a third processor at the Modesto facility. The installation is expected to be commissioned during the third quarter of 2014 and will increase processing capacity at the facility by approximately 33%, while also improving operating flexibility and efficiencies. The company also expects to add additional aseptic filling lines at the Modesto plant over the course of 2014 in order to meet increased product demand from new and existing customers across a broad array of categories including non-dairy, nutritional beverages and dairy.
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March 2, 2015
17:04 EDTSTKLSunOpta signs definitive agreement to acquire Citrusource
SunOpta announced it has signed a definitive agreement to acquire Citrusource. The acquisition transaction closed contemporaneously with the execution of the definitive agreement. Citrusource is a leading supplier of premium not-from-concentrate private label organic and conventional orange juice and citrus products in the United States with revenues of approximately $30M. They operate a national sourcing and supply operation utilizing a number of processing and packaging partners to serve a variety of well-known retailer customers. The business was acquired for a combination of cash on closing of $13.3M, plus future payments based on specific performance targets, and are subject to certain post-closing adjustments. The acquisition was funded from available credit facilities and is expected to be immediately accretive.
17:02 EDTSTKLSunOpta announces $30M share repurchase program
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17:01 EDTSTKLSunOpta reports Q4 adjusted EPS 6c, consensus 10c
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