M&A Deal Summary

SunOpta Acquires Congeladora del Rio S.A. de C.V.

On May 15, 2007, SunOpta acquired food company Congeladora del Rio S.A. de C.V.

Acquisition Highlights
  • This is SunOpta’s 10th transaction in the Food sector.
  • This is SunOpta’s 2nd transaction in Mexico.

M&A Deal Summary

Date 2007-05-15
Target Congeladora del Rio S.A. de C.V.
Sector Food
Buyer(s) SunOpta
Deal Type Add-on Acquisition

Target

Congeladora del Rio S.A. de C.V.

Irapuato, Mexico
Congeladora del Rio, S.A. de C.V. operates a fruit processing facility in Irapuato, Mexico. The high quality facility processes strawberries, peaches, mangos, bananas, pineapples, honeydew melons and other fruits, into individually-quick frozen, block frozen and purees for the food service, industrial and retail markets.

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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's corporate headquarters in Eden Praire, Minnesota.
SunOpta's corporate headquarters in Eden Praire, Minnesota.

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 25 of 35
Sector: Food M&A 10 of 19
Type: Add-on Acquisition M&A Deals 22 of 31
Country: Mexico M&A 2 of 2
Year: 2007 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-04 Baja California Congelados S.A. de C.V

Rosarito, Mexico

Baja California Congelados, S.A. de C.V is a frozen strawberry processor in Baja California, Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-11 Neo-Nutritionals

Brantford, Ontario, Canada

Neo-Nutritionals, Inc. develops and manufactures a wide range of natural health products.

Buy -