SunOpta (STKL) Divests Purity Life Natural Health Products
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SunOpta Inc. (Nasdaq: STKL) has completed the previously announced divestiture of its Canadian natural health products distribution business (operated as Purity Life Natural Health Products) to an affiliate of Banyan Capital Partners for CDN $14,700,000, before transaction costs.
Purity has annual revenues of approximately CDN $60 million and contributed positively to SunOpta's first quarter 2012 earnings. The sale is expected to have a modest dilutive effect on earnings per share prior to the redeployment of the funds by the Company.
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Purity has annual revenues of approximately CDN $60 million and contributed positively to SunOpta's first quarter 2012 earnings. The sale is expected to have a modest dilutive effect on earnings per share prior to the redeployment of the funds by the Company.
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