SunOpta has signed a definitive agreement to sell equipment for producing flexible, re-sealable pouches from its Allentown facility in Pennsylvania, US, to Skjodt-Barrett.

The company previously decided to cease its flexible, re-sealable pouch products business as part of its ongoing portfolio optimisation strategy and value creation plan.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The asset sale, which is worth about $2m, is in conjunction with this strategy.

SunOpta CEO Dave Colo said: “This asset sale and discontinuation of the flexible re-sealable pouch business aligns with our stated portfolio optimisation strategy of exiting product lines where the company is not effectively positioned.

"This asset sale and discontinuation of the flexible re-sealable pouch business aligns with our stated portfolio optimisation strategy."

“We anticipate the discontinuation of contract manufacturing pouched baby food products to be profit neutral and allow for the redeployment of capital and resources for investment in more profitable segments of our business where we have enhanced strategic positioning.”

See Also:

Last year, flexible re-sealable pouch products generated $46m revenue for the company and $10m in the first quarter of this year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

After the completion of this sale, SunOpta will continue to produce aseptic beverages from its Allentown facility.

The company expects to end the sale during the last quarter of 2017.

SunOpta produces organic, non-genetically modified and specialty foods.

The company is also involved in sourcing, processing and packaging organic and non-GMO food products.