July 31, 2015 / 12:01 PM / 2 years ago

SunOpta to buy private frozen fruit supplier for about $450 mln

July 31 (Reuters) - Canadian organic food provider SunOpta Inc said it would buy organic frozen fruit supplier Sunrise Holdings Delaware Inc from private equity firm Paine & Partners LLC for about $450 million.

The deal is expected to add 10 cents to SunOpta’s adjusted earnings per share in fiscal 2016, the company said.

Sunrise, which generates annual revenue of about $300 million, has retail and food service facilities in California, Kansas and Mexico.

Citi served as SunOpta’s financial adviser. Faegre Baker Daniels LLP and Simpson Thacher & Bartlett LLP were the company’s legal advisers. (Reporting by Anet Josline Pinto in Bengaluru; Editing by Maju Samuel)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below