SunOpta Acquires Assets of Lorton's Fresh Squeezed Juices for 2.5M

SunOpta Inc.

today announced that its indirect wholly-owned subsidiary, SunOpta Global Organic Ingredients Inc. has completed the acquisition of the assets and business of Lorton's Fresh Squeezed Juices, Inc.. Located in San Bernadino, California, Lorton's is a vertically integrated producer of a variety of citrus based products in both industrial and packaged formats, with revenues of approximately $10 million. Purchase price for the assets and business was $2.5 million, on a debt free basis, subject to post closing working capital adjustments, plus a potential earn-out dependent upon the achievement of certain future targets. The acquisition of Lorton's assets and business is expected to be accretive to SunOpta in fiscal 2012.