February 2019

SunOpta Sells Soy and Corn Business to Pipeline Foods

North America - United States | North America | North America - Canada | United States - Iowa | United States - Minnesota

Canadian specialty foods company SunOpta sold its organic soy and corn business to Pipeline Foods for C$66.5 million, with Faegre Baker Daniels advising SunOpta on the divestiture, which included facilities in Iowa and Minnesota. The sale is one aspect of SunOpta’s ongoing value creation plan.

The soy and corn business formed part of SunOpta’s North America-based raw material sourcing and supply segment. SunOpta and Pipeline entered into a multi-year supply agreement for certain ingredients used in SunOpta’s consumer products business following the sale.

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