SunOpta Inc. Enhances Fruit Snack Capabilities With Accretive Acquisition of Niagara Natural Fruit Snack Company Inc.
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Go back to SunOpta Inc. Enhances Fruit Snack Capabilities With Accretive Acquisition of Niagara Natural Fruit Snack Company Inc.
August 12, 2015 9:29 AM EDT
SunOpta (NASDAQ: STKL) reported Q2 EPS of $0.08, $0.03 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $307.3 million versus the consensus estimate of $335.41 million.
For earnings history and earnings-related data on SunOpta (STKL) click here.
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August 12, 2015 7:07 AM EDT
SunOpta (NASDAQ: STKL) has signed a definitive agreement to acquire the assets of Niagara Natural Fruit Snack Company Inc. ("Niagara Natural"). The acquisition closed contemporaneously with the execution of the definitive agreement.
Niagara Natural is a growing and innovative manufacturer of healthy non-GMO and organic fruit snacks, enhancing SunOpta's existing healthy snack platform and focus on integrated consumer products. With the acquisition, SunOpta extends its market presence in fruit snacks and importantly will now have manufacturing operations in both the east and west, providing a competitively positioned platform to improve customer service and also generate... More
