Sector News

SunOpta sells organic soy and corn business to Pipeline Foods

February 26, 2019
Food & Drink

Canada’s SunOpta has offloaded its specialty and organic soy and corn business to Pipeline Foods for $66.5 million.

As part of the deal, the companies have entered into a multi-year supply agreement for certain ingredients used in SunOpta’s consumer products business.

The specialty and organic soy and corn business formed part of SunOpta North America-based raw material sourcing and supply segment and includes five facilities: four located in Minnesota and one in Iowa.

SunOpta said it will continue to operate its other North America-based sourcing and supply operations, consisting of sunflower and roasting operations, as well as its Europe-based international sourcing and supply platform, known as Tradin Organic, which were not part of the sale.

John Ruelle, senior vice president of raw material sourcing and supply at SunOpta, said: “Our specialty and organic soy and corn business has a long history of supplying high-quality specialty, non-GMO and organic ingredients to the food industry.

“I want to thank all of our employees who are transitioning to Pipeline Foods for their hard work and dedication. Each employee has had a meaningful impact and contributed to the company’s value creation plan during their time at SunOpta. We believe Pipeline Foods is well positioned in this space, which should serve the industry well and be positive for our transitioning employees.”

Pipeline Foods chief executive Eric Jackson added: “We are excited by this incredible opportunity to grow our business and expand the accessibility of organic and specialty grains in the US. With this move, we are merging the newest team in the sustainable agriculture supply chain business with the most tenured and respected team in the business, and creating something even better.

“With a focused passion, we seek to merge the best parts of each organisation’s culture, practices, experience, and relationships to build a world-class business that can deliver value to our farmer-partners as well as our customers.”

Headquartered in Minnesota, Pipeline Foods aims to accelerate the availability and reliability of non-GMO and organic food.

By Jules Scully

Source: FoodBev

comments closed

Related News

September 19, 2021

PepsiCo announces ambitious new sustainability program

Food & Drink

PepsiCo today announced a new sustainability program called PepsiCo Positive, or pep+, committing to “a strategic end-to-end transformation with sustainability at the center of how the company will create growth and value by operating within planetary boundaries and inspiring positive change for the planet and people.”

September 19, 2021

Kerry completes US$1B Niacet purchase to create “world-leading food protection and preservation platform”

Food & Drink

Kerry has completed the acquisition of Niacet, which was previously announced in June, as Kerry seeks to strengthen its food protection and preservation strategy. Niacet is a key player in preservation, and its business complements Kerry’s extensive portfolio of food protection and preservation technologies and processes.

September 19, 2021

Isochoric freezing: a more energy efficient way to freeze food

Food & Drink

In a study published earlier this month, researchers at the USDA’s Agricultural Research Service (ARS) and UC Berkeley revealed that switching from isobaric to isochoric freezing would significantly reduce energy use and the associated carbon emissions by a significant amount.

Send this to a friend