We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

M&A Activity May Heat Up As Demand For Organic Foods Soars In Canada

September 17, 2010: 07:57 PM EST

Thanks to a surge in demand in Canada, and the fact that the country imports three-fourths of its organic food, several organic producers may find themselves in the crosshairs of acquisition-minded food majors looking to diversify their product lines. SunOpta, SunRype and Industries Lassonde are among the potential quarry, according to analysts, with likely buyers being United Natural Foods and Whole Foods Market. SunOpta, with a market value of $380 million and a 10 percent growth rate, produces organic soy, wheat, grains and fruits for food giants General Mills, Kraft, and Kellogg. And fruit-based drinks maker Lassonde could fetch as much as $460 million from an elite buyer like Néstle or Kraft.

Arnika Thakur and Gowri Jayakumar, "Rising demand puts Canada's organics on M&A menu", Reuters, September 17, 2010, © Thomson Reuters
Company News
North America
United States of America
Comment & Opinion
Companies, Organizations
Deals, M&A, JVs, Licensing
Market News
Products & Brands
Developed by Yuri Ingultsov Software Lab.