07.08.2007 11:30:00
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SunOpta Inc. Acquires Operating Assets of ProSoya Corporation Located in Heuvelton, New York
SunOpta Inc. (Nasdaq:STKL) (TSX:SOY) today announced that it has
acquired the operating assets of a soymilk manufacturing facility
located in Heuvelton, New York from ProSoya Corporation. The assets
acquired included all buildings, machinery and equipment and were
purchased with cash.
The addition of the Heuvelton, New York facility strategically expands
SunOpta’s soy manufacturing to the east coast
of the United States and will significantly enhance the Company’s
ability to effectively serve its growing customer base in the
Northeastern United States and Eastern Canadian markets. SunOpta will
immediately upgrade manufacturing capabilities to improve processing
efficiencies and product quality.
Allan Routh, President of the SunOpta Grains and Foods Group commented, "The
addition of a soymilk manufacturing facility located in the north east
of the United States expands our ability to serve our growing customer
base in Eastern North America. This geographic expansion of soy
manufacturing is another strategic step to ensure that we will maintain
adequate supply capabilities, positioned to meet the increasing demands
of our soy customers and enable continued growth of their businesses."
Steve Bromley, President and CEO of SunOpta commented, "The
addition of the Heuvelton, New York facility compliments our strategy to
be the leader in North America in the supply of organic soy based raw
materials through integrated ingredients and finished packaged products.
We expect to continue to expand our soy processing capabilities in order
to meet this objective.”
About SunOpta Inc.
SunOpta Inc. is an operator of high-growth ethical businesses, focusing
on integrated business models in the natural and organic food,
supplements and health and beauty markets. The Company has three
business units: the SunOpta Food Group, which specializes in sourcing,
processing and distribution of natural and organic food products
integrated from seed through packaged products; Opta Minerals Inc.
(TSX:OPM) (70.4% owned by SunOpta), a producer, distributor, and
recycler of environmentally friendly industrial materials; and SunOpta
BioProcess Inc. (80% owned by SunOpta), which engineers and markets
proprietary steam explosion technology systems for the pulp, bio-fuel
and food processing industries. Each of these business units has
proprietary products and services that give it a solid competitive
advantage in its sector.
Forward-Looking Statements
Certain statements included in this press release may constitute "forward-looking
statements” within the meaning of the United
States Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, but are not limited to references to
business strategies, competitive strengths, goals, capital expenditure
plans, business and operational growth plans and references to the
future growth of the business. These forward looking statements are
based on certain assumptions and analyses made by the Company in light
of its experience and its interpretation of current conditions,
historical trends and expected future developments as well as other
factors that the Company believes are appropriate in the circumstance.
However, whether actual results and developments will agree with
expectations and predications of the Company is subject to many risks
and uncertainties including, but not limited to; general economic,
business or market risk conditions; competitive actions by other
companies; changes in laws or regulations or policies of local
governments, provinces and states as well as the governments of United
States and Canada, many of which are beyond the control of the Company.
Consequently all forward-looking statements made herein are qualified by
these cautionary statements and there can be no assurance that the
actual results or developments anticipated by the Company will be
realized.
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