November 9, 2016 / 1:53 PM / 2 years ago

BRIEF-Sunopta to close juice processing, packaging facility in San Bernardino, CA

Nov 9 (Reuters) - Sunopta Inc :

* Sunopta Inc says continues to believe it has ability to achieve its mid-term targets, in time frame provided, as furnished in April 2016

* Sunopta -in order to support efforts to meet or exceed mid-term targets, co, together with Oaktree, continued to make progress on its value creation plan

* Sunopta Inc says has announced intention to close its juice processing and packaging facility in San Bernardino, CA

* Sunopta Inc says continues to review its product offerings and is focused on simplifying portfolio

* Sunopta -will invest in areas where it has a structural advantage and will assess impact of exiting product lines where Sunopta is not effectively positioned

* Sunopta Inc says plans to engage third party support in manufacturing, procurement and logistics to enhance quality and capture savings

* Sunopta Inc says sales efforts will be reorganized by channel, rather than geography

* Sunopta -revenue negatively impacted by about $5.0 million in Q3 due to recall of certain sunflower products and fire at third party contract manufacturing facility

* Sunopta announces third quarter fiscal 2016 financial results

* Q3 adjusted earnings per share $0.07

* Q3 loss per share $0.04 from continuing operations

* Q3 revenue $348.7 million versus i/b/e/s view $360.5 million

* Q3 earnings per share view $0.06 — Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage:

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