NETHERLANDS: SunOpta buys Dutch ingredients firm
SunOpta, the Canadian natural and organic food group, has acquired Dutch ingredients supplier, The Organic Corporation, which operates as Tradin Organic Agriculture.
The transaction, which will see SunOpta acquire all the outstanding shares in The Organic Corporation from its shareholders, Wim Rabbie and Gerard Versteegh, for an undisclosed sum, is subject to completion of due diligence and definitive agreements and is expected to close within 60 days, SunOpta said.
The Canadian company added that Tradin's organic foods sourcing and processing expertise would complement its own natural and organic foods platform. Tradin's existing management will remain with the company and play a key role in the continued development of the combined companies' extensive capabilities, SunOpta stated.
"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," said SunOpta's president and CEO Steve Bromley.
Founded in 1985, Tradin has annual revenues of around EUR85m (US$120m). The company positions itself as a "one stop shop" for organic ingredients, and includes frozen and fresh fruits and vegetables, cereals, rice, soy and dairy products.
The company has wholly or partially owned subsidiaries in the Netherlands, China, Serbia and Ethiopia, and operates sales and sourcing operations in the US, Germany, Austria, France and Thailand.
As it approaches its 20th birthday, Duchy Originals, the UK food company set up by the Prince of Wales, is undergoing something of a rebirth. Under new chief executive Andrew Baker, Duchy plans to ret...
Duchy Originals, the UK food maker founded by the Prince of Wales, is looking to international markets to help it quadruple the size of the business in the next five years....
SunOpta has predicted a fall in first-quarter earnings after the company told the US share watchdog that its outstanding quarterly reports will be further delayed by an ongoing probe into its berry op...
Consumer interest in buying "green" products and healthy organic food remains high despite the tough economy and rising food and energy prices, a survey out today (30 April) has revealed....
Organic food group SunOpta has named ex-Maple Leaf Foods and Tyson Foods executive Tony Tavares as COO....
Hain Celestial, the US-based organics group, has defended its use of certain fatty acids in its Earth's Best infant formula....
US farm lobby group The Cornucopia Institute has filed a legal complaint with the US Department of Agriculture in a bid to end the alleged use of toxic solvents in the manufacture of organic food....
Neptune Industries has branded new US guidelines excluding wild fish from the production of organic seafood as an "important step forward" in its efforts to obtain an "organic" label for its Ento-Prot...
- Danone's Q1: four things to learn
- Who will buy Danone's Stonyfield business?
- Nestle Q1 update: four things to learn
- Column: Why snacking is the new meal
- Interview: KP Snacks on growth strategy
- Tyson shops Sara Lee bakery, Kettle and Van's
- Nestle to cut UK confectionery jobs
- PepsiCo affirms full-year target as Q1 hits mark
- Tyson to buy burger-to-entree firm AdvancePierre
- TreeHouse Foods sells soup, baby food units