M&A Deal Summary

Speyside Equity Acquires Opta

On February 12, 2016, private equity firm Speyside Equity acquired metals/mining company Opta from SunOpta for 6M CAD

Acquisition Highlights
  • This is Speyside Equity’s 1st transaction in the Metals/Mining sector.
  • This is Speyside Equity’s 0th largest (disclosed) transaction.
  • This is Speyside Equity’s 6th transaction in the United States.
  • This is Speyside Equity’s 1st transaction in New York.

M&A Deal Summary

Date 2016-02-12
Target Opta
Sector Metals/Mining
Buyer(s) Speyside Equity
Sellers(s) SunOpta
Deal Type Divestiture
Deal Value 6M CAD

Target

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.

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Buyer(S) 1

Buyer

Speyside Equity

Ann Arbor, Michigan, United States

Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Speyside Equity is a private equity firm focused on investments in traditional businesses with a history of profitability. Speyside generally looks for non-core divestitures from multinational businesses and will consider opportunities in the specialty chemicals, food/ingredients, and metal forming sectors. The Firm's geographic coverage includes North America and Western Europe. Speyside Equity was established in 2005 and is headquartered in Ann Arbor, Michigan.


DEAL STATS #
Overall 8 of 18
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 3 of 5
State (New York) 1 of 1
Country (United States) 6 of 13
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-25 Pacific Steel

Berkeley, California, United States

Pacific Steel makes carbon, low-alloy and stainless steel castings for US and international customers, mainly for heavy-duty trucks, oil-drilling construction equipment, and other heavy industrial end-markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-15 Oxxynova

Steyerberg, Germany

Oxxynova is a mid-sized chemical company that specializes in the production and marketing of liquid dimethyl terephthalate (DMT). As the leading manufacturer in Europe, Oxxynova continues to innovate DMT and related xylol-derivative products. DMT is used in many everyday products, including seat belts, food packaging, tarps, and medical devices. Recently, the Company has developed a second business lined geared toward re-purification of chemicals.

Buy -

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 3 of 7
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 2 of 6
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-12 Niagara Natural Fruit Snack

St. Davids, Ontario, Canada

Niagara Natural Fruit Snack Co., Inc. is a manufacturer of healthy non-GMO and organic fruit snacks.

Buy $7M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-25 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.

Sell $67M