M&A Deal Summary

SunOpta Acquires SIGCO Sun Products

On October 21, 2003, SunOpta acquired agriculture company SIGCO Sun Products

Acquisition Highlights
  • This is SunOpta’s 1st transaction in the Agriculture sector.
  • This is SunOpta’s 2nd transaction in the United States.
  • This is SunOpta’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2003-10-21
Target SIGCO Sun Products
Sector Agriculture
Buyer(s) SunOpta
Deal Type Add-on Acquisition

Target

SIGCO Sun Products

Breckenridge, Minnesota, United States
SIGCO Sun Products, Inc. is a world wide supplier of sunflower products and is fully integrated from the sale of sunflower seed to farmers through processing the contracted crop into finished in-shell and kernel sunflower products. The company operates four facilities located in Minnesota, North Dakota and Kansas.

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Buyer(S) 1

Buyer

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 7 of 35
Sector (Agriculture) 1 of 1
Type (Add-on Acquisition) 7 of 31
State (Minnesota) 1 of 3
Country (United States) 2 of 16
Year (2003) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-07 Pro Organics

Burnaby, British Columbia, Canada

Pro Organics is a distributor of certified organic fresh foods in Canada with distribution facilities located in Vancouver, Toronto and Montreal. Pro Organics supplies the most complete range of certified organic produce as well as extensive offerings in organic bulk foods and dairy. The company enjoys a number of exclusive sourcing arrangements.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-27 Sonne Labs

Wahpeton, North Dakota, United States

Sonne Labs, Inc. (dba Dakota Gourmet) is a manufacturer of roasted soybeans.

Buy -
Mergr

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