The transaction, valued at CDN $14,700,000, before transaction costs, is subject to certain conditions and pre-closing matters and is expected to close early in June.
Purity Life Natural Health Products distributes a wide range of natural health products including dietary supplements, vitamins, natural body care and earth friendly household goods throughout Canada, and also manufactures a number of natural health care products.
Purity has annual revenues of approximately CDN $60m and contributed positively to SunOpta’s first quarter 2012 earnings.
Banyan Capital Partners is an affiliate of Connor, Clark & Lunn Financial Group, a multi-boutique asset management firm that provides a broad range of independently managed investment products and services to Canadian individual and institutional investors.
CC&L Financial Group and its affiliated companies collectively manage approximately $40bn in financial assets under management.
Source: SunOpta
© FoodBev Media Ltd 2024