SunOpta Inc. has completed the sale of its fiber and starch business to J. Rettenmaier & Söhne Group (JRS)
USA based SunOpta Inc. which is getting specialized in supplying, processing and packaging of natural, organic and special food products completed the sale of its fiber and starch business. According to the company’s release; SunOpta Inc., a leading global company focused on natural and organic foods, announced that it has completed the sale of its fiber and starch business to J. Rettenmaier & Söhne Group (JRS) for 37.5 million dollars.
"With the sale complete, we will use this as an opportunity to invest in areas of the company that fit our core, two-touch strategy where we control the supply chain and provide additional value to our customers," said Steve Bromley, Chief Executive Officer at SunOpta. "I want to wish the transitioning employees a successful career at JRS and thank them for their contributions to SunOpta's growth."
With the agreement, SunOpta sold its fiber and starch business including operations in Louisville, KY, Cedar Rapids, IA, Cambridge, MN, Fosston, MN and Galesburg, IL. All employees of these operations are now part of JRS' portfolio of food operations.