The facility is currently a supplier for SunOpta, producing value-added sunflower kernel, oil and related by-products.
The facility, operated as the Organic Land Corporation (OLC), was acquired by The Organic Corporation (TOC), a wholly owned subsidiary of the company and a division of the International Foods Group. The purchase price was €3.2m, inclusive of debt, and is subject to normal closing adjustments.
Gerard Versteegh, president of the SunOpta, said: “The acquisition of OLC allows us to expand our product offerings in both value-added organic sunflower kernel and organic sunflower oil.
“The location is ideal for securing supply of organic raw materials for further processing and will allow us to expand our capabilities into other organic products that are grown in the Unesco protected area within the Danube River Delta. We would like to welcome the former employees of OLC to TOC and SunOpta.”
Source: SunOpta
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