Plant-based food maker SunOpta sold for $1.1B

Group 1: Acquisition Details - Dutch beverage giant Refresco is acquiring organic food and plant-based drink maker SunOpta for $1.1 billion, purchasing shares at $6.50 each, which implies an equity value of $829 million and includes approximately $265.8 million of SunOpta's debt [1] - The transaction is expected to close in the second quarter of 2026 [1] Group 2: Strategic Rationale - The acquisition enhances Refresco's North American presence and allows expansion into foodservice and adjacent beverage categories, according to CEO Steve Presley [2] - Presley emphasized that the acquisition is highly complementary and broadens Refresco's position in the fast-growing plant-based beverages category, supporting a more balanced geographic footprint between North America and the rest of the world [3] Group 3: Company Background and Performance - SunOpta manufactures plant-based beverages, broths, and fruit snacks for brands and private label offerings [2] - In its most recent earnings report, SunOpta's revenue grew nearly 17% year over year to $205.4 million, with plans to create a new aseptic manufacturing line in Texas to meet unexpected customer demand for additional capacity [5]