Canada-based natural and organic food group SunOpta has acquired the Bulgarian grain handling and processing facility of Organic Land Corp.
The purchase of the Silistra-based facility, a strategic supplier for SunOpta, was made for EUR3.2m (US$4.2), the company said yesterday. The company said the acquisition will further expand its global sourcing platform and value-added ingredient capabilities.
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The facility, operating as the Organic Land Corp, was acquired by The Organic Corp, a wholly-owned subsidiary of SunOpta.
Steve Bromley, CEO of SunOpta said the deal is consistent with its strategy of becoming a pure play natural and organic foods company.
“The acquisition of OLC expands our value-added processing capabilities and increases our presence in a key global supply area, while at the same time leveraging our integrated processing platform.”
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