Canada-based natural and organic food group SunOpta supplies a number of the world's largest food makers and retailers with products from soy ingredients to private-label snack bars. The company is undergoing significant change and has decided to offload non-core assets and focus squarely on food. Dean Best met SunOpta COO Tony Tavares at international trade show Anuga in Germany to discuss the company's ambitions.
Canadian organic food group SunOpta provided details on plans to improve its performance as it booked lower operating profit for the first nine months of the year.
SunOpta has secured a US$85m investment from Oaktree Capital Management, which is taking a stake in the Canadian organic food group.
SunOpta, the Canada-based ingredients supplier, private-label group and contract manufacturer, today (10 August) claimed "good progress" was being made on its goals for 2016, despite the company reporting second-quarter and half-year losses.
A second activist investor, West Face Capital, is reportedly adding to pressure from Tourbillon Capital Partners for SunOpta to sell its business.
SunOpta said today (27 June) it had brought in Rothschild to to review the Canada-based ingredients and private-label group's plans and to evaluate "a range of strategic and financial actions" the company could undertake to "maximise shareholder value".
Shares in Canadian natural and organic food group SunOpta jumped 26.7% on Friday (27 May) after it emerged that its largest shareholder, Tourbillon Capital Partners, asked the group to hire advisers to unlock shareholder value.
SunOpta has recorded a loss for the year after the Canadian group's results were littered with one-time charges and higher costs.
Diamond Foods, itself set to be sold to US snacks group Snyder's-Lance, this week took a stake in UK popcorn maker Metcalfe's Skinny. Our M&A pages featured a number of deals, including the move for Chinese dairy group Ambrosia by Irish co-op Ornua. At the ICR investment conference in Florida, the new owner of Green Giant, B&G Foods, said it was interested in more acquisitions in the frozen food sector, while Hain Celestial told delegates it could withstand greater competition in the US natural and organic sectors.
SunOpta, the Canada-based ingredients supplier, private-label group and contract manufacturer, said today (12 January) it will this year focus on improving the performance of its consumer products business.
Natural and speciality food group SunOpta has insisted that it is starting to see the benefits of investments as third-quarter revenue and profit trends showed signs of improvement.
Canadian natural and organic food group SunOpta has detailed plans to sell more shares in the business in a bid to raise just over US$100m.
SunOpta, the Canada-based co-packer and private-label supplier, has expanded its stand-up pouch packaging at two US plants, with investment at a third site on the horizon.
This week's results included an upbeat US snack group Snyder's-Lance reporting higher second-quarter sales and profits, improved half-year revenue and earnings at seafood giant Thai Union and declines at an acquisitive SunOpta.
SunOpta has announced its second acquisition in a fortnight, striking a deal to buy Canadian fruit snacks firm Niagara Natural.
Canadian organic food group SunOpta has said its US$450m acquisition of Sunrise Growers will strengthen its presence in the high-growth, private-label frozen fruit sector.
Canada-based food group SunOpta has named president and COO Rik Jacobs as its new CEO in a bid to "accelerate growth and performance".
Canada-based natural and organic food group SunOpta has confirmed one of its US facilities has become the first manufacturing site in the country to receive Department of Agriculture GMO-free verification.
The US Department of Agriculture is developing a non-GMO certification and labelling scheme under its Process Verified Program.
This week's result round-up includes a positive start to the year for UK own-label group Bakkavor, better sales but pressure on profits for Canada's Weston Foods and a slide in revenue at French poultry group Duc.
Natural and organic food group SunOpta booked an increase in full-year sales and earnings despite “commercial and operational pressures” experienced at its consumer products unit.
SunOpta has reported higher underlying earnings for the first nine months of the year on the back of growth from its foods businesses.
Canada-based food group SunOpta has posted higher half-year sales and profits.
Canadian food group SunOpta has emphasised the importance of tapping into consumer interest in healthy eating after reporting higher first-quarter sales and earnings.
Canadian food group SunOpta made a loss in 2013 but the company described the year as "transformational" as it realigned its operations to focus on natural and organic food.
SunOpta has indicated that it expects to book a loss in its fourth quarter in spite of "record" revenues during the period.
Canadian food group SunOpta has expanded capacity at its value-added organic and speciality cocoa processing facility in The Netherlands.
Underlying half-year profits at Canada-based food ingredients and private-label group SunOpta fell thanks to a drought last year that hit sunflower processing yields.
Canadian food group SunOpta has booked a drop in first-quarter earnings, despite "record" revenues.
SunOpta is a group that spans being a B2B supplier of ingredients, a private-label manufacturer and a co-packer. In industrial minerals, the Canada-based company has also had a majority stake in a business outside food but, after finding a buyer, it is now ready to focus squarely on our sector.
Global Soy Milk and Cream Market 2016-2020
Soy milk is a plant-based dairy milk alternative, which is produced by soaking soybeans and grinding them in water. Soy milk is believed to have originated in China. Soy milk was first introduced in t...
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