GFM Network News

Cracked soybeans enter a SunOpta soymilk processing plant at Modesto, California. (Video screengrab from via YouTube)

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

A SunOpta soy milk processing line. (SunOpta, via YouTube)

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