M&A Deal Summary

SunOpta Acquires Earthwise Processors

On May 24, 2005, SunOpta acquired food company Earthwise Processors

Acquisition Highlights
  • This is SunOpta’s 5th transaction in the Food sector.
  • This is SunOpta’s 7th transaction in the United States.
  • This is SunOpta’s 2nd transaction in Minnesota.

M&A Deal Summary

Date 2005-05-24
Target Earthwise Processors
Sector Food
Buyer(s) SunOpta
Deal Type Add-on Acquisition

Target

Earthwise Processors

Moorhead, Minnesota, United States
Earthwise Processors LLC is a vertically integrated producer of organic and identity preserved non-genetically modified grains, primarily focused on soy.

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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 16 of 35
Sector (Food) 5 of 19
Type (Add-on Acquisition) 13 of 31
State (Minnesota) 2 of 3
Country (United States) 7 of 16
Year (2005) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-05 Organic Ingredients

Aptos, California, United States

Organic Ingredients is a trader and provider of a wide range of certified organic industrial ingredients including processed fruit and vegetable based ingredients, sweeteners, vinegars and others. The company sources and contract manufactures through exclusive arrangements with suppliers located around the world, including North America, South America, Europe and Asia. These exclusive supply arrangements enable the company to maintain a strategic advantage in the organic food ingredient market, in terms of cost and availability of supply.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-20 Cleugh s Frozen Foods

Buena Park, California, United States

Cleugh's is a third generation family business focuses on processing natural and organic frozen fruits and vegetables for the retail private label, food service and industrial markets. Cleugh's operates two processing facilities in Buena Park and Salinas, California, with combined production, packaging and warehousing space of approximately 60,000 square feet. The facilities are located in two of California's largest strawberry growing regions, which represents Cleugh's primary product. The operations have extensive capabilities including IQF (individually quick frozen) processing, blending and puree production, and offer a wide range of packaging formats to their customers, including poly bags, gable top cartons, specialty retail packaging, tubs, pails and other food service packaging formats. Organic product offerings represent the fastest growing segment of this business.

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