TORONTO--(BUSINESS WIRE)--
SunOpta Inc. ("SunOpta") (Nasdaq:STKL) (TSX:SOY), a leading global
company focused on organic, non-genetically modified and specialty
foods, announced today that Opta Minerals completed the transaction,
under which an affiliate of Speyside Equity Fund I LP has acquired
substantially all the shares of Opta Minerals Inc. ("Opta
Minerals") (TSX:OPM). The acquisition was completed following a vote of
the shareholders of Opta Minerals in favor of the transaction on March
31, 2016. SunOpta supported the agreement and voted all of its shares of
Opta Minerals in favor of the transaction.
Pursuant to the terms of the transaction, SunOpta will receive aggregate
proceeds of approximately CAD $6.2 million, of which CAD $4.2 million is
cash, with the remaining CAD $2.0 million in the form of a subordinated
promissory note of Opta Minerals bearing interest at 2.0% which will
mature in 30 months.
"We are pleased to conclude this chapter of our company's history as it
paves the way for SunOpta to truly become a pure-play healthy and
organic foods company. Our entire team is now focused solely on the
growth and strategic priorities of our vertically-integrated
international foods business," said Rik Jacobs, President and CEO of
SunOpta.
About SunOpta Inc.
SunOpta Inc. is a leading global company focused on organic,
non-genetically modified ("non-GMO") and specialty foods. The Company
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. The
Company'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.
About Opta Minerals
Opta Minerals is a vertically integrated provider of custom process
solutions and industrial mineral products used primarily in the steel,
foundry, loose abrasive cleaning, water-jet cutting and municipal water
filtration industries. Opta Minerals has production and/or distribution
facilities in Ontario, Quebec, Saskatchewan, Louisiana, South Carolina,
Virginia, Maryland, Indiana, Michigan, New York Texas, Florida, Ohio,
Idaho, France, Slovakia and Germany.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160407005200/en/
SunOpta Inc.
Public Relations
Rob Litt, 952-893-7863
Director
Global Communications
Rob.litt@sunopta.com
Source: SunOpta Inc.
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