Cracked soybeans enter a SunOpta soymilk processing plant at Modesto, California. (Video screengrab from SunOpta.com via YouTube)

SunOpta sheds U.S. Midwest organic corn, soy business

Organic food firm SunOpta Inc. has stepped out of the U.S. organic corn and soybean business in a $66.5 million deal with Minnesota-based organic startup Pipeline Foods. Mississauga-based SunOpta announced Monday it closed a deal with Pipeline last Friday for the Canadian firm’s organic and “specialty” soy and corn operations, which include five plants in



SunOpta pressured by shareholders after sluggish sales

Reuters – Canadian organic food company SunOpta Inc, already under pressure from U.S. hedge fund Tourbillon Capital Partners LP, is being prodded by a second activist shareholder to explore the sale of all or part of the company, according to sources familiar with the matter. Canadian hedge fund West Face Capital, which pushed SNC-Lavalin to sell

(SunOpta.com)

Hedge fund urges organics firm SunOpta to sell itself

Reuters — Hedge fund Tourbillon Capital Partners is urging Canadian organic food firm SunOpta Inc. to sell itself to a bigger rival, according to a letter sent to the company on Friday. Mississauga, Ont.-based SunOpta’s share price jumped 26 per cent after the US$4 billion hedge fund asked it to hire an investment bank to