Canada-based organic-food group SunOpta is to buy US sunflower-seed firm Dahlgren & Co.
SunOpta said today (8 November) that it had agreed to pay C$44m (US$43.8m) for the business, plus an unspecified “earn-out” based on targets to be met over the next two years.
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Dahlgren is a supplier of confection sunflower-seed products including in-shell and kernel products, roasted sunflower and soy nuts.
The company generates annual sales of around C$80m Dahlgren and serves a number of sectors including the snack food, bakery and food ingredients categories. Around 40% of its products are marketed internationally to customers in Europe, Asia, Australia, Canada and South America.
SunOpta president and CEO Steve Bromley said: “The combination of Dahlgren’s extensive vertically integrated capabilities in confection sunflower with our existing sunflower operations creates a leading worldwide confection sunflower business, with a focus on vertically integrated and value-added healthy food products.”
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Dahlgren co-owner CEO Tom Miller will stay on at the business alongside the company’s other two owners Charlie Considine and Tim Egeland.
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By GlobalData“We are excited to be joining forces with SunOpta as we believe our companies have similar values, a common understanding of our markets and products, and a commitment to product innovation and customer service,” Miller said.
