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Stock impact report

SunOpta Announces Strategic Sale of Its Specialty and Organic Soy and Corn Business to Pipeline Foods

SunOpta, Inc. (STKL) 
Last sunopta, inc. earnings: 2/27 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: investor.sunopta.com/investor-relations
Company Research Source: Business Wire
TORONTO--(BUSINESS WIRE)-- SunOpta Inc. (“SunOpta” or the “Company”) (Nasdaq:STKL) (TSX:SOY), a leading global company focused on organic, non-genetically modified and specialty foods, today announced the sale of its specialty and organic soy and corn business to Pipeline Foods, LLC (“Pipeline Foods”) for $66.5 million, subject to certain post-closing adjustments. The transaction closed on February 22, 2019. “Our specialty and organic soy and corn business has a long history of supplying high quality specialty, non-GMO and organic ingredients to the food industry,” said John Ruelle, Senior Vice President of Raw Material Sourcing and Supply at SunOpta. “I want to thank all of our employees who are transitioning to Pipeline Foods for their hard work and dedication. Each employee has had a meaningful impact and contributed to the Company’s Value Creation Plan during their time at SunOpta. We believe Pipelin Show less Read more
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