Terms of this transaction, which is subject to regulatory approval, were not disclosed. The proceeds from this sale will enable SDBC to be debt-free and to focus its resources on growing its much larger and more diversified North American business.
Sunny Delight Beverages Co is also investing more than $70m to upgrade all five of its North American manufacturing facilities and data systems, and will acquire The JM Smucker Company’s plant in Sherman, Texas.
Terms of the purchase were not disclosed. SDBC is working with the Sherman Economic Development Corporation on incentives. SDBC has been leasing space at the site since 2004 to produce its Sunny D brand. The JM Smucker Company will continue to produce its Folgers coffee brand at the site until April 2011.
Source: Sunny Delight Beverages Co
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