M&A Deal Summary

SunOpta Acquires Sonne Labs

On November 27, 2003, SunOpta acquired food company Sonne Labs

Acquisition Highlights
  • This is SunOpta’s 2nd transaction in the Food sector.
  • This is SunOpta’s 3rd transaction in the United States.
  • This is SunOpta’s 1st transaction in North Dakota.

M&A Deal Summary
Date 2003-11-27
Target Sonne Labs
Sector Food
Buyer(s) SunOpta
Deal Type Add-on Acquisition

Target

Sonne Labs

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

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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 8 of 35
Sector (Food) 2 of 19
Type (Add-on Acquisition) 8 of 31
State (North Dakota) 1 of 1
Country (United States) 3 of 16
Year (2003) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-21 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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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-01 Distribue-Vie Fruits & Legumes Biologiques

Montreal, Quebec, Canada

Distribue-Vie specializes in the distribution of organic fresh foods with an emphasis on produce. Select lines of grocery and drink items complement the product mix. Distribue-Vie is the dominant player in the distribution of organic produce in Quebec and operates from a warehousing facility located in Montreal, servicing the key Quebec market along with geographic reach to Eastern Ontario and the Maritime provinces.

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Mergr

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