Canadian specialty foods company SunOpta sold its organic soy and corn business to Pipeline Foods for C$66.5 million, with our firm advising SunOpta on the divestiture, which included facilities in Iowa and Minnesota. The sale is one aspect of SunOpta’s ongoing value creation plan.
The soy and corn business formed part of SunOpta’s North America-based raw material sourcing and supply segment. SunOpta and Pipeline entered into a multi-year supply agreement for certain ingredients used in SunOpta’s consumer products business following the sale.
