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  6. SunOpta Acquires Cloud Mountain

M&A Deal Summary

SunOpta Acquires Cloud Mountain

On June 18, 2002, SunOpta acquired distribution company Cloud Mountain

Acquisition Highlights
  • This is SunOpta’s 1st transaction in the Distribution sector.
  • This is SunOpta’s 1st transaction in Canada.
  • This is SunOpta’s 1st transaction in Ontario.

M&A Deal Summary
Date 2002-06-18
Target Cloud Mountain
Sector Distribution
Buyer(s) SunOpta
Deal Type Add-on Acquisition

Target

Cloud Mountain

Toronto, Ontario, Canada
Cloud Mountain, Inc. is a distributor of proprietary organic feeds to organic poultry producers. Company only major supplier of organic chicken in Canada, a market which is expanding rapidly with the growth in the natural and organic food industry. The company is currently growing 50,000 chickens every 8 weeks and intends to expand that by a multiple over the next year. The company also intends to add to the organic meat product lines in response to growing consumer demand.

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Buyer(S) 1

Buyer

SunOpta

Eden Prairie, Minnesota, United States
Category Company
Founded 1973
Sector Food
Employees1,248
Revenue 724M USD (2024)
DESCRIPTION

SunOpta is the 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 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 2 of 35
Sector (Distribution) 1 of 11
Type (Add-on Acquisition) 2 of 31
State (Ontario) 1 of 7
Country (Canada) 1 of 14
Year (2002) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-18 Organic Kitchen

United States

Organic Kitchen, Inc. is a provider of information about organic foods, foods grown free of chemicals and pesticides.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-10 Wild West Organic Harvest Co-Operative Association

Vancouver, British Columbia, Canada

Wild West Organic Harvest Co-Operative Association is a distributor of organic and natural food products, subject to mutual and customary due diligence.

Buy -
Mergr

Product

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