11.01.03
Stake Technology’s subsidiary, Opta Food Ingredients, Inc., Toronto, Ontario, Canada, has entered into an option agreement with Dr. Laxman Desai whereby Dr. Desai has been granted a one-year option to purchase the former 45,000 square-foot Opta corporate headquarters and development center at a price of $4.85 million. The option has been granted for a period of one year and expires September 22, 2004.