SunOpta Responds to Disclosure by Tourbillon Capital Partners
SunOpta Inc. ("SunOpta") (Nasdaq:STKL) (TSX:SOY), a leading global
company focused on organic, non-genetically modified and specialty
foods, today issued the following statement in response to the
disclosure by Tourbillon Capital Partners.
"SunOpta appreciates constructive input from all shareholders and over
the last several months, the Board and management have been engaged in
dialogue with shareholders, including Jason Karp at Tourbillon Capital
Partners, to understand their views. We will review Tourbillon's
suggestions and evaluate them on the basis of what is in the best
interests of all shareholders."
"It is important to note that over the last year, SunOpta has worked to
transform its business through the Sunrise acquisition and through a
more deliberate focus on increasing private label products that offer
customers some of the most innovative offerings in the organic, non-GMO
and specialty food categories. In addition, our globally sourced
ingredients business offers us unrivaled access to organic and non-GMO
supply and presents a high barrier to entry for competition. The company
remains focused on creating efficiencies, improving operational
excellence, reducing debt, and increasing profitability as a means to
create long-term value for all our shareholders."
About SunOpta Inc.
SunOpta Inc. is a leading global company focused on organic,
non-genetically modified ("non-GMO") and specialty foods. SunOpta
specializes in the sourcing, processing and packaging of organic and
non-GMO food products, integrated from seed through packaged products;
with a focus on strategic vertically integrated business models.
SunOpta's organic and non-GMO food operations revolve around value-added
grain, seed, fruit and vegetable based product offerings, supported by a
global sourcing and supply infrastructure.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160527005777/en/
Rob Litt, 952-893-7863
Source: SunOpta Inc.
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