SunOpta has signed a definitive agreement to acquire Citrusource, a move that will expand the company's healthy beverages range.
The acquisition is in line with the company's core integrated two-touch strategy and leverages the vertically integrated operations as well as consumer products strategy to grow its healthy beverages portfolio.
This investment will benefit SunOpta's integrated juice operation in San Bernardino, California, which is now operational.
Citrusource currently supplies not-from-concentrate private label organic and conventional orange juice and citrus products in the US, and generates nearly $30m in revenues.
It operates a national sourcing and supply operation by using a number of processing and packaging partners to serve a wide retail customer base.
Commenting on the transaction, Citrusource managing partner Bob Aicklen said: "Our product and process expertise will fit nicely with SunOpta's focus on healthy and organic beverages. As a result, we will be better able to leverage our combined expertise to expand our product capabilities and customer portfolio."
