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Refresco To Acquire SunOpta For $6.50 Per Share In Cash
Globenewswire· 2026-02-06 13:39
Core Viewpoint - Refresco is set to acquire SunOpta for $6.50 per share in cash, enhancing its capabilities in the North American beverage market and expanding into the plant-based beverages category [2][3]. Company Overview - Refresco is a leading independent beverage solutions provider with operations in North America, Europe, and Australia, offering a wide range of products including carbonated drinks, juices, and plant-based beverages [8]. - SunOpta specializes in customized supply chain solutions for beverages and snacks, focusing on sustainability and high-quality standards, with over 50 years of industry experience [7]. Transaction Details - The acquisition has been unanimously approved by the boards of directors of both companies and is expected to close in the second quarter of 2026, pending customary closing conditions and shareholder approval [4]. - Upon completion, SunOpta will become a wholly owned subsidiary of Refresco, and its shares will no longer be publicly traded [4]. Strategic Implications - The acquisition is viewed as a strategic move to broaden Refresco's position in the fast-growing plant-based beverages market and enhance its geographic footprint in North America [3]. - SunOpta's CEO highlighted that the partnership will provide the necessary resources and scale to unlock the company's full potential in the better-for-you food and beverage sector [3].