01.03.11
SunOpta Fruit Group, a subsidiary of SunOpta Inc., Toronto, Ontario, Canada, has signed an agreement to acquire Edner of Nevada, Inc. for $4 million. Edner produces a variety of nutritious portable foods—such as nutrition bars and grains and fruit-based snack bars serving the fast-growing wholesome and convenient healthy snacks category—from its 104,000 square foot facility in Carson City, NV. Current revenues are approximately $10 million, with equipment and capacity available to support an increase of revenues to approximately $50 million without significant capital investment. Edner’s existing operational capabilities will also enable SunOpta to extend the breadth of its fruit-based product offerings via the introduction of new products utilizing the capabilities that exist within this facility.