M&A Deal Summary

Pipeline Foods Acquires SunOpta - Specialty & Organic Soy & Corn Business

On February 25, 2019, Pipeline Foods acquired food company SunOpta - Specialty & Organic Soy & Corn Business from SunOpta for 67M USD

Acquisition Highlights
  • This is Pipeline Foods’ 1st transaction in the Food sector.
  • This is Pipeline Foods’ largest (disclosed) transaction.
  • This is Pipeline Foods’ 1st transaction in Canada.
  • This is Pipeline Foods’ 1st transaction in Ontario.

M&A Deal Summary
Date 2019-02-25
Target SunOpta - Specialty & Organic Soy & Corn Business
Sector Food
Buyer(s) Pipeline Foods
Sellers(s) SunOpta
Deal Type Divestiture
Deal Value 67M USD

Target

SunOpta - Specialty & Organic Soy & Corn Business

Mississauga, Ontario, Canada
SunOpta, Inc. - Specialty & Organic Soy & Corn Business supplies high-quality specialty, non-GMO and organic ingredients to the food industry.

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Buyer(S) 1

Buyer

Pipeline Foods

Minneapolis, Minnesota, United States
Category Company
Founded 2017
Sector Food
DESCRIPTION

Pipeline Foods LLC is a global organization with a vision to accelerate the availability of non-GMO, organic and regeneratively-grown food. We are bringing best-in-class sustainable supply chain solutions to build a better future for our farmers, customers, and partners. We are experts in our respective areas, united by integrity and respect for relationships and the earth. Our teams promote transparent and collaborative business practices while working towards our goal to meet the current demand for organic and non-GMO crops grown in the Americas.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

SunOpta

Eden Prairie, Minnesota, United States
Category Company
Founded 1973
Sector Food
Employees1,174
Revenue 630M USD (2023)
DESCRIPTION

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 Eden Prairie, Minnesota.

DEAL STATS #
Overall 4 of 7
Sector (Food) 2 of 5
Type (Divestiture) 3 of 6
State (Ontario) 2 of 4
Country (Canada) 2 of 4
Year (2019) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-12 Opta

Amherst, New York, United States

Opta is a 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 is based in Amherst, New York.

Sell CA$6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-02 Sanmark

Benxi, China

Sanmark Corp. is a growing sourcing and trading business focused on organic oils for the food, pharmacy, and cosmetic industries. Sanmark sources raw materials globally and generates most of its sales into the European and Asia-Pacific markets.

Buy €3M
Mergr

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