SunOpta - M&A Summary and Business Overview

FoodCompany

SunOpta M&A Summary

SunOpta has acquired 35 companies, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 7 assets.

SunOpta’s largest acquisition to date was in 2015, when it acquired Sunrise Growers-Frozsun Foods for $450M. It’s largest disclosed sale occurred in 2020, when it sold SunOpta - Global Ingredients Segment to Acomo N.V. for $372M. SunOpta has acquired in 8 different US states, and 6 countries. The Company’s most targeted sectors include food (55%) and distribution (32%).

SunOpta Business Overview

Where is SunOpta headquartered?

SunOpta is headquartered in Mississauga, Ontario.

What is SunOpta’s revenue?

SunOpta disclosed revenue of 935M USD for 2022 and 813M USD for 2021.

How many employees does SunOpta have?

SunOpta has 1,451 employees.

What sector is SunOpta in?

SunOpta is a food company.

When was SunOpta founded?

SunOpta was founded in 1973 .

M&A Summary

  • M&A Total Activity42
    • M&A Buy Activity35
    • M&A Sell Activity7
  • Total Sectors Invested 7
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 7
  • M&A Advisors 5

SunOpta

SunOpta, Inc.

2233 Argentia Drive Suite 401,
Mississauga, Ontario L5N 2X7
Canada,
(905) 821-9669
www.sunopta.com

SunOpta is the largest soy processing company in North America, supplying branded product manufacturers such as Hain Celestial (West Soy) and Dean Foods (Silk). The Company also sells other organic, non-genetically modified soy, oat and corn ingredients to food manufacturers. In addition, SunOpta is the largest distributor of organic groceries in Canada. SunOpta?s other holdings include an environmental services company involved in cleaning bridges, ships and other surfaces; and a steam explosion technology division dedicated to exploiting a proprietary technology for extracting pulp in an environmentally friendly manner from straw and other natural products. SunOpta was founded in 1973 and is based in Mississauga, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 34 - 1 - - - 35
vol $463M $33M $496M
Sell (0.6/yr) # 4 3 - - - - 7
vol $120M $372M $492M
  42

Most Recent M&A

Company Date Value Type
The Hain Celestial Group, Inc. - Dream and WestSoy Brands 2021-04-15 33M USD Divestiture
Lake Success, New York
SunOpta, Inc. - Global Ingredients Segment 2020-11-10 372M EUR Divestiture
Mississauga, Ontario
Tradin Organic Agriculture B.V 2020-11-10 - Divestiture
Amsterdam, Netherlands · www.tradinorganic.com
SunOpta, Inc. - Tradin 2020-11-10 - Divestiture
Mississauga, Ontario
Sanmark Corp. 2019-04-02 3M EUR Add-on Acquisition
Benxi, China · www.sanmarkltd.com
SunOpta, Inc. - Specialty & Organic Soy & Corn Business 2019-02-25 67M USD Divestiture
Mississauga, Ontario
Opta Group LLC 2016-02-12 5M CAD Divestiture
Amherst, New York · www.optagroupllc.com
Niagara Natural Fruit Snack Co., Inc. 2015-08-12 7M USD Add-on Acquisition
St. Davids, Ontario · www.naturalfruitsnacks.ca
Sunrise Growers-Frozsun Foods, Inc. 2015-07-31 450M USD Add-on Acquisition
Placentia, California · www.sunrisegrowers.com
Citrusource LLC 2015-03-02 - Add-on Acquisition
Laguna Beach, California
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Food 19 (54%) 496M (100%) 5 (71%) 476M (97%)
Distribution 11 (31%) - 1 (14%) 11M (2%)
Agriculture 1 (3%) - - -
Consumer Products 1 (3%) - - -
Healthcare Services 1 (3%) - - -
Information Services 1 (3%) - - -
Manufacturing 1 (3%) - - -
Metals/Mining - - 1 (14%) 5M (1%)
Total 35 $496M 7 $492M

By Geo

State/Country Buy Value Sell Value
Canada 14 7M 4 450M
  Ontario 7 7M 4 450M
  Quebec 4 - - -
  British Columbia 3 - - -
United States 16 486M 2 42M
  California 7 453M - -
  Minnesota 3 - - -
  New York 1 33M 1 5M
  Iowa 1 - - -
  Illinois 1 - - -
  North Dakota 1 - - -
  Nevada 1 - - -
Mexico 2 - - -
Netherlands 1 - 1 -
China 1 3M - -
Saudi Arabia 1 - - -
Domestic 14 (40%) 7M (1%) 4 (57%) 450M (91%)
Cross-border 21 (60%) 489M (99%) 3 (43%) 42M (9%)
Total 35 $496M 7 $492M

Top M&A Advisors

Financial Deals
PwC Corporate Finance LLC
 1
Rothschild Global Advisory
 1
Raymond James - Investment Banking
 1
Legal Deals
Faegre Baker Daniels LLP
 2
Van Doorne N.V.
 1

Deal Values

buy # Total
$100M to $1B 1 $450M
< $100M 4 $46M
TOTAL $496M
Largest Sunrise Growers-Frozsun Foods, Inc.
$450M (2015-07-31)
sell # Total
$100M to $1B 1 $372M
< $100M 4 $120M
TOTAL $492M
Largest SunOpta, Inc. - Global Ingredients Segment
$372M (2020-11-10)

M&A Connections

Deals
Acquired from
Investor(s)
3%
1 (3%)
Strategic(s)
6%
2 (6%)
Divested to
Investor(s)
14%
1 (14%)
Strategic(s)
71%
5 (71%)

Company Summary

SECTOR

Food

Revenue

935   16% 2022
813   4% 2021
789   34% 2020
1,190   6% 2019
1,261   2% 2018
1,280   5% 2017
1,347   18% 2016
1,145   8% 2015
1,243   6% 2014
1,182   9% 2013
1,091   1% 2012
1,082   2011
(millions of USD) Show More Show Less

Employees

1,451

Established

1973

Public

NASDAQ: STKL

Former Name

Stake Technology Ltd.

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