GFM Network News

SunOpta sheds U.S. Midwest organic corn, soy business

Organic food firm SunOpta Inc. has stepped out of the U.S. organic corn and soybean business in a $66.5 million deal with Minnesota-based organic startup Pipeline Foods. Mississauga-based SunOpta announced Monday it closed a deal with Pipeline last Friday for the Canadian firm’s organic and “specialty” soy and corn operations, which include five plants in […] Read more

U.S. investment firm takes major stake in SunOpta

Canadian organic and non-GMO food firm SunOpta Inc. has taken on a new minority owner to help it pay down debt and boost its “flexibility.” The Mississauga-based, publicly traded company said Friday it has picked up an $85 million investment, in the form of exchangeable preferred shares, from Los Angeles-based Oaktree Capital Management. The investment, […] Read more

SunOpta pressured by shareholders after sluggish sales

Reuters – Canadian organic food company SunOpta Inc, already under pressure from U.S. hedge fund Tourbillon Capital Partners LP, is being prodded by a second activist shareholder to explore the sale of all or part of the company, according to sources familiar with the matter. Canadian hedge fund West Face Capital, which pushed SNC-Lavalin to sell […] Read more