Sunopta Inc (TSX:SOY) News and Share Price

Food & Beverages

SunOpta Inc manufactures plant and fruit-based food and beverages.

The plant-based food segment reportedly contributes significantly to the total revenue.

The company focuses on producing and delivering healthy, organic, and sustainable non-genetically modified (GMO) food solutions.

Founded as Stake Technology Ltd., it initially dealt with steam explosion technology that converted biomass into feedstock for animals.

In 1999, the company acquired Sunrich, an organic soy and corn company founded in Minnesota. The firm used to supply soymilk and related products or North American organic industries.

However, in 2000, the company shifted its focus to producing organic food.

Between 2000 and 2015, the food company acquired several businesses, including:
• Pacific Fruit Processors: Located in South Gate, Canada.
• Nordic Aseptic: Operating as the company’s plant-based beverage facility
• Sunrise Growers: SunOpta’s healthy fruit platform
• Modesto Aseptic Processing facility: A plant-based beverage facility in Modesto, Canada.

The company went public in 2001, followed by listing on the Toronto Stock Exchange with the ticker ‘SOY’.

The company rebranded itself to SunOpta Inc in 2003 with an aim to promote the consumption of plant-based food products. Hence, it entered the business of Oatmilk production in Alexandria, 2018.

The soy and corn business was divested to the pipeline foods segment in 2019.

The organic food company provides the following items:
• Frozen Fruits
• Fruit-based snacks
• Organic beverages
• Organic broth
• Packaged and bulk tea
• Roasted snacks
• Kernels
• Bird food

In 2020, the company constructed an Oatmilk processing unit and introduced ‘Arbor Bar’, a consumer brand.
In addition, it divested its Tradin Organic business to focus on plant-based production and growth reportedly.

The family of brands includes:
• Sunrich: Snacks and plant-based beverages provider
• Sunrise Growers: Frozen fruit provider
• Arbor: Snack bars with apples and berries
• SWONTM: A sustainable plant-based food like organic oat creamers.

SunOpta partners with various companies and startups to develop, process, formulate and package many products, including broths, fruit-based snacks, almond milk, soy milk, etc.

The company claims that its packaging capabilities include tetra pack equipment, polybags, standup pouches, cups, and tubs.

Contact Information

company address 2233 Argentia Road, Suite 401 Mississauga, Ontario L5N 2X7

company phone952-838-3248

company email[email protected]

company website

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