SunOpta, the Canadian natural and organic food group, has completed the acquisition of The Organic Corporation, known as Tradin Organic Agriculture.
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The purchase price for all outstanding shares of the Dutch ingredients supplier consisted of cash paid on closing, notes payable and certain deferred payments which will be paid in the future based on the performance of the company.
“The strategic 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 Steve Bromley, president and CEO of SunOpta.
Headquartered in Amsterdam, the Netherlands, Tradin is a leading provider of globally sourced organic food ingredients with annual revenues of approximately US$120m. The company supplies a variety of organic products including frozen fruits and vegetables, dried fruits, coffee, cocoa, cereals, rice, soy and beans.
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